Oil prices are enjoying a second successive day of gains, up around 1.5% at the time of writing. A lot of the optimism stems from the idea that OPEC+ will announce additional cut at tomorrow’s virtual meeting despite rumors that an agreement is far from being reached.
The OPEC+ meeting, which was delayed to tomorrow, November 30 and will be a virtual meeting continues to be the major talking point in relation to oil prices. There has been a back and forth for the majority of the week as rumors swirl around disagreements between countries regarding the supply and output quotas.
