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Crude Prices Ease Back With Suggestion of 1.8mbpd OPEC Cut

OIL

Crude and spreads ease back from earlier highs ahead of the OPEC+ meeting later today.

  • Current reports suggest OPEC will discuss an output cut of 1.8mbpd according to Energy Intel Deputy Bureau Chief Amena Bakr
    • Brent DEC 22 down -0.5% at 91.38$/bbl
    • WTI NOV 22 down -0.6% at 86$/bbl
    • WTI-Brent down -0.03$/bbl at -6.35$/bbl
    • Brent DEC 22-JAN 23 down -0.09$/bbl at 1.89$/bbl
    • Brent DEC 22-DEC 23 up 0.04$/bbl at 12.35$/bbl
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Crude and spreads ease back from earlier highs ahead of the OPEC+ meeting later today.

  • Current reports suggest OPEC will discuss an output cut of 1.8mbpd according to Energy Intel Deputy Bureau Chief Amena Bakr
    • Brent DEC 22 down -0.5% at 91.38$/bbl
    • WTI NOV 22 down -0.6% at 86$/bbl
    • WTI-Brent down -0.03$/bbl at -6.35$/bbl
    • Brent DEC 22-JAN 23 down -0.09$/bbl at 1.89$/bbl
    • Brent DEC 22-DEC 23 up 0.04$/bbl at 12.35$/bbl