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Crude Oil Apr 26 (CLJ26.NYM)

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
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53.17-0.18 (-0.34%)
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  • Bloomberg

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  • Reuters

    OPEC+ virtual meeting signals little likelihood of policy change ahead of Russian oil price cap decision - source

    The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter told Reuters on Wednesday. A virtual meeting also puts the focus on the pending European Union deal on a price cap on Russian oil ahead of a Dec. 5 deadline imposed by the bloc for a full embargo on purchases of Moscow's seaborne crude. "OPEC+ would rather sit on the bench at this time and assess the outcome of what happens on Monday," the source added.