Oil price snippit..6 Oct 2022 09:38
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On Wednesday OPEC+ agreed to cut its production targets for November by 2 million bpd, a figure that was larger than most analysts had expected.
While oil prices did climb, the gains have been limited by a lack of clarity about exactly how much oil will be removed from markets.
Despite the lack of clarity, the cut is undoubtedly bullish for oil markets and banks are once again predicting that Brent will break $100.