Oil prices briefly moved higher this morning as markets anticipate a deal out of the meeting in Vienna. The OPEC meeting gets underway today and concludes on Saturday. Some non-OPEC members including Russia will be present as well, which along with Saudi Arabia, is willing to increase production. There have been reports of an increase of 1 million barrels a day. Meanwhile, some oil producing countries such as Iraq, Iran and Venezuela, prefer to keep the supply limits in place. WTI crude has been fluctuating between $65 and $66.50 a barrel in early trading today.
All eyes on oil prices
Daily Analysis - 22/06/2018