Mcx Market Index: Oil Traders stay for Word from OPEC Summit
Crude oil sustained to trade in the red in front of today’s OPEC
meeting. WTI oil fallen to trade at 58.00 present morning while Brent
oil is holding at 62.13. Shortly today OPEC would meet in Vienna,
Austria for the 1th of 2 yearly meetings to debate growing, declining,
or maintaining its present production goal of 30 mbd. To date, OPEC has
followed a policy of supporting short-term downside in oil by standing
firm in its outputs to stress US producers and regain market Stock when
costs recover.
meeting. WTI oil fallen to trade at 58.00 present morning while Brent
oil is holding at 62.13. Shortly today OPEC would meet in Vienna,
Austria for the 1th of 2 yearly meetings to debate growing, declining,
or maintaining its present production goal of 30 mbd. To date, OPEC has
followed a policy of supporting short-term downside in oil by standing
firm in its outputs to stress US producers and regain market Stock when
costs recover.
Mcx Market Index: Oil Traders stay for Word from OPEC Summit
11:35 AM
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