Oil Traders Uncertain as OPEC+ Weighs December Surprise

Oil traders can't seem to agree on where OPEC+ will steer production next, and it's anyone's guess if the cartel's December hike is still on the table. OPEC+ has touted plans for a boost, but the group's go-to mantra—adjusting output based on market 'realities'—is giving traders pause. According to a Bloomberg poll published on Wednesday, 16 of 30 traders are betting that OPEC+ will hold off on the planned increase, deferring to Saudi Arabia's top-down approach, where the Kingdom's Energy Minister, Prince Abdulaziz bin Salman, wields…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com