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Uncertainty About OPEC+ Cuts Has Oil Struggling to Sustain Rally

By Olivia Raimonde and Hailey Waller (Bloomberg) — OPEC+ and its allies will decide as soon as this week whether or not to extend their historic output curbs, yet how long and to what extent global production curtailments remain in place will be crucial to sustaining crude’s rally after a record rebound last month. The […]

WP_Post Object ( [ID] => 225339 [post_author] => 21 [post_date] => 2020-06-01 17:06:28 [post_date_gmt] => 2020-06-01 17:06:28 [post_content] => oil tanker loadingBy Olivia Raimonde and Hailey Waller (Bloomberg) — OPEC+ and its allies will decide as soon as this week whether or not to extend their historic output curbs, yet how long and to what extent global production curtailments remain in place will be crucial to sustaining crude’s rally after a record rebound last month. The […] [post_title] => Uncertainty About OPEC+ Cuts Has Oil Struggling to Sustain Rally [post_excerpt] => By Olivia Raimonde and Hailey Waller (Bloomberg) — OPEC+ and its allies will decide as soon as this week whether or not to extend their historic output curbs, yet how long and to what extent global production curtailments remain in place will be ... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => uncertainty-about-opec-cuts-has-oil-struggling-to-sustain-rally [to_ping] => [pinged] => [post_modified] => 2020-06-01 17:06:28 [post_modified_gmt] => 2020-06-01 17:06:28 [post_content_filtered] => [post_parent] => 0 [guid] => https://gcaptain.com/?p=140434 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )