Oil price is correcting after updating highs at 49$.
Now the OPEC countries are actively discussing the extension of the OPEC+ agreement for the next 3-4 months with a possible increase in production next year, but the Arab Emirates and Kazakhstan do not yet support the decision on prolongation. The situation is tense, but it is not similar to the March situation, Russia's representatives report.
nearest level of support Brent oil prices are at 46.5$. This is where the market will rush to if OPEC does not find a compromise promptly.
- More forecasts and news on the Fortrader channel at Telegram