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
Silver jumps 3% as buyers step in after the crash 📈
Morning wrap (30.12.2025)
Daily Summary: Declines on indices and a precious metals crash
BREAKING: US gas storage slightly lower than expected🔥