OPEC+ reportedly likely to stick to existing deal until the end of the year

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<p style=““ class=“text-align-justify“>That comes despite the latest slump in prices, in which we saw WTI crude break back below $70 this week. The sources reported say that OPEC+ is to stick to its deal on output cuts of 2 million bpd until year-end. For now, it looks like Russia is the only one acting to cut down on production.</p><p style=““ class=“text-align-justify“>“This is only a unilateral cut of Russia. No changes for the group until the end of year.“</p><p style=““ class=“text-align-justify“>That’s according to one of the delegates, with the other saying that no further output cuts were planned for now.</p>

This article was written by Justin Low at www.forexlive.com.

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