They agreed that the price of Brent, the benchmark crude in Europe, ended operations almost unchanged, while the market is watching the OPEC + meeting next week.
At that meeting, OPEC + – an alliance of the Organization of Petroleum Exporting Countries (OPEC) and 10 oil-producing nations outside that bloc – is expected to decide whether to maintain its plans to increase its pumping by 400 thousand barrels per day in December.
The group faces the coordinated action of the United States and several countries to release strategic oil reserves in order to cool prices.
Regarding the latter, Louise Dickson, an analyst at Rystad Energy, considered that
That move by oil importers has opened the door wide for OPEC + to adjust its supply policy downward at its December 2 meeting.
On the other hand, very few operations were registered in the New York market this Thursday due to the Thanksgiving holiday in the United States.
oda / rs
