Prepare for an OPEC Disappointment on Nov. 30 - Citi

Dhwani Mehta FXStreet

Oilprice.com reports comments from Ed Morse, head of commodities research at Citigroup, delivered in a Bloomberg interview, with the key quotes found below.

“There is an exuberance in the market about there being a done deal to extend through the end of 2018 and I think there’s likely to be a disappointment in that come Nov. 30.”

“Our base case is that we do not get a full-year extension on Nov. 30.”

Meanwhile, Russia’s Energy Minster Novak said on Friday that Russia will discuss the OPEC deal cuts extension and duration in Vienna at November 30 meeting.

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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