September 19, 2024

OPEC+ decision on production cuts may be ‘incremental negative’ for oil prices

 OPEC+ decision on production cuts may be ‘incremental negative’ for oil prices

OPEC+ decision on production cuts may be ‘incremental negative’ for oil prices

The decision by OPEC+ to begin unwinding some voluntary oil-production cuts in the fourth quarter could be a minor drag on crude prices, an analyst says.