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OPEC+ Meeting Acknowledged Weak Demand Outlook. US Crude Inventory Slipped, while Gasoline Stockpile Gained for First Time in 3 Weeks

The meeting among OPEC+ producers to discuss about revision of output cuts was inconclusive. While a number of OPEC+ producers agreed that weak oil demand outlook might justify more reduction in output, it’s yet to know how much more is needed. A greater problem is compliance. As we noted in the previous report, OPEC+ has […]

The post OPEC+ Meeting Acknowledged Weak Demand Outlook. US Crude Inventory Slipped, while Gasoline Stockpile Gained for First Time in 3 Weeks appeared first on Action Forex.

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