OPEC+ is considering an additional output cut of around 1 mbpd – report | Forexlive

It will be an interesting weekend in Vienna as Reuters now reports that the additional cut would be 1 million barrels per day. None of this is a huge surprise and the timing of the leaks before the weekend appears designed to put a squeeze on shorts but that squeeze will reverse on Monday if they don’t follow through.

With this though, it looks like WTI could close the week above $72.