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Putin Not Completely Against Modification To OPEC+ Pact

OIL

WTI & Brent sit $0.15 above settlement levels at typing, with a lack of flash points in the final Trump-Biden debate noted.

  • A reminder that the benchmarks added $0.60-0.75 on Thursday, with most of the focus falling on rhetoric from Russian President Putin as he weighed in on the OPEC+ pact. Putin noted that "we think there is no need to change anything now… We don't rule out that we may keep the current restrictions on output, that we don't lift them as soon as we have planned earlier…If necessary, we can take a decision on further cuts."
  • The global COVID-19 situation continues to be the driving issue on the demand side, with global mitigation measures in focus on that front.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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