Oil Prices Projected to Edge Up by Week's End on OPEC+ Production Cap Deal Extension

Friday, 1 March 2024, 08:05

Oil prices are anticipated to see a minor gain by the end of the week as analysts predict an extension of the OPEC+ production cap deal, potentially leading to further supply constraints. Market sentiments hinge on the upcoming decision by OPEC+ regarding the production limits and the impact on global oil markets.

Oil Prices Set to End the Week With a Minor Gain

Oil prices are set to end the week with a modest gain as analysts expect OPEC+ to extend its production cap deal, a move that would further tighten supply.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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