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BREAKING: OPEC+ meeting has been postponed. WTI price approaches $76 per barrel

4:42 PM 5 July 2021

The OPEC + meeting was postponed, however, the representatives of the organization did not set a date for the next meeting. As a result, OPEC will maintain the same level of production.

Reza Zandi had previously announced that Iran's Oil Minister Zanganeh would not be present at the meeting and had left the Ministry of Petroleum. 

The price of WTI oil (OIL.WTI) continues to move higher and is approaching resistance marked with last week's highs. The zone at $ 74.20 remains the key support. Source: xStation5

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