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Oil Steadies With OPEC+ Meeting Looming Over Tightening Market


Oil Falls With OPEC+ Meeting Hovering Over Tightening Market
Bloomberg
3/1/2021
Andres Guerra Luz
(Bloomberg) Oil plunged as the dollar pared losses ahead of a key OPEC+ meeting scheduled this week that may return more supply back to a fast-tightening market.
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Futures in New York declined for a second straight session Monday, falling to the lowest in over a week. The alliance gathers on Thursday and is expected to loosen the taps after prices got off to their best ever start to a year. But it’s unclear how robustly the group will act, with the Saudi Arabian energy minister calling for producers to remain “extremely cautious.” ....

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Oil Falls With OPEC+ Meeting Hovering Over Tightening Market


Oil Falls With OPEC+ Meeting Hovering Over Tightening Market
Bloomberg
3/1/2021
Andres Guerra Luz
(Bloomberg) Oil plunged as the dollar pared losses ahead of a key OPEC+ meeting scheduled this week that may return more supply back to a fast-tightening market.
Popular Searches
Futures in New York declined for a second straight session Monday, falling to the lowest in over a week. The alliance gathers on Thursday and is expected to loosen the taps after prices got off to their best ever start to a year. But it’s unclear how robustly the group will act, with the Saudi Arabian energy minister calling for producers to remain “extremely cautious.” ....

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