$80 Oil Is No Reason For OPEC+ To Alter Its Production Plan

$80 Oil Is No Reason For OPEC+ To Alter Its Production Plan

OilPrice.com

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Despite the recent rally in oil prices, the OPEC+ group is expected to keep next week its current schedule of easing the collective oil production cuts by 400,000 barrels per day (bpd) in November, sources told Reuters on Wednesday.   Brent Crude prices hit $80 per barrel early on Tuesday—the highest level in three years, as the global natural gas shortage and price spikes spilled over into the crude oil futures market.   Oil prices eased at Tuesday closing, also depressed by an unexpected crude inventory build in the U.S. stockpiles…

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