The OPEC + meeting has started. The first reports say that production is cut by 2 million barrels per day.
However, on closer inspection, the cuts are referring to r the full production target. Currently, OPEC + produces 3.5 million barrels per day less than the production limit. If this were true, the real cut could be as low as less than 1 million barrels a day from countries such as Russia, Saudi Arabia and the UAE.
Crude oil is rising immediately, however the details are not supportive for market bulls. Source: xStation5
BREAKING: Natural gas (NATGAS) prices are rising following the release of EIA data from the U.S.
🟠Copper nears historic highs on sulphur shortages and AI boom
Morning Wrap: Markets freeze as USA-China summit begins 🇨🇳 (14.05.2026)
Daily Summary: Hot inflation and awaiting for news from Beijing