Russia’s Deputy Oil Min: Russia maintains its position on OPEC+ output boost

Haresh Menghani FXStreet

Russia's deputy energy minister Alexey Teksler was out on the wires in the last hour, Russia maintains its position on OPEC+ output increase and is ready to discuss any OPEC+ proposals.

Additional quotes:

• Will discuss everything with other OPEC+ members.
• Expect an OPEC+ agreement this week.

Market reaction to the comments turned out to be rather muted, with WTI crude oil prices holding with daily gains of around 0.90% and trading near session high level of $65.50.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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