OPEC+ meeting said to be scheduled for June 6 – Bloomberg

Dhwani Mehta FXStreet

Citing OPEC delegates on the matter, Bloomberg reports that the OPEC and its allies (OPEC+) meeting is reportedly scheduled for June 6, Saturday.

“There have been some rumors circulation since the start of Asia that a weekend meeting could take place between the Organisation of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group that is known as OPEC+. This would be a meeting brought forward that could result in a decision from top crude producers on whether to extend record output cuts,” as noted by FXStreet’s Analyst Ross Burland.

Market reaction

Both crude benchmarks pay little heed to the above headlines, as they stay modestly flat. WTI hovers above 37.00 while Brent battles 40.00

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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