WTI oil moved slightly higher aftter Reuters announced that OPEC + decided to maintain its current output hike of 400,000 barrels a day, however gains were quickly erased. Statement from a technical meeting yesterday showed that the group does not see a big impact from the Omicron variant as countries are reluctant to impose lockdowns, therefore today's decision was not a surprise.
OPEC+ also projects an oversupply in every quarter of 2022 if it maintains its monthly production hikes, though the full-year surplus estimated at 1.4 million bpd is lower than last month’s forecast of 1.7 million bpd. Meanwhile, Libya has begun maintenance on a ruptured pipeline that will shut 200,000 bpd of production.
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือNow oil traders will focus on API report on oil inventories which will be released in the evening (9:40 pm GMT). Market expects a 3.4 mb drop in oil stockpiles.
Today's OPEC+ decision did not have a significant impact on the oil prices. WTI Oil (OIL.WTI) continues to trade around major resistance the $76.60 level. Source: xStation5
