An OPEC+ delegate is saying that:
- OPEC+ may adjust plans if nations oil reserves are released.
The price of oil has been moving lower helped by saber rattling of a coordinated release of petroleum reservers. OPEC+ has been increasing production at at 400K BDP pace to offset the cut in production from Covid.
Now OPEC+ is saying "Don't mess with our plan".
January Crude oil is at $76.26, up 0.40%.