OIL gains ahead of the OPEC meeting

December 5, 2018

Hopes for the OPEC production cut at the meeting that will take place tomorrow push oil prices up on Wednesday. OIL.WTI gains 2.2% and OIL (Brent) rises by 2% as traders expect a production cut of at least 1 million barrels per day. There are also signals from the US that a further price drop could hurt the shale industry.