OPEC Sought to Maintain Output Cut for Full 2018. Russia Requested to Review in June
zeldamccurdy622Crude oil prices jumped as there are signs that OPEC/ non-OPEC would extend the output cut deal to the end of 2018. The front-month WTI crude oil added +0.17% while the Brent contract rose +0.73% for the day. The price gains were not strong as the final deal would be reviewed in June as a compromise to Russia's request. Therefore, any output cut after expiration of the existing deal in March 2018 is not guaranteed.
Originally posted here:
OPEC Sought to Maintain Output Cut for Full 2018. Russia Requested to Review in June
