OPEC+ panel out with output recommendations

An OPEC+ panel is out with some recommendations:

  • suggests ministers consider delaying output hike
  • suggest3-6 month delay to output hike
  • Panel sees oil price risks skewed to the downside due to Covid

The price of crude oil is up a dollar 30 or 3.22% of $41.43 today on vaccine news from Moderna. The high price has reached $42.09. The low price extended to $40.15