OPEC will wait until tomorrow to reach consensus with non-OPEC on 2021 cuts -report
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Reuters report
OPEC has agreed to wait until tomorrow to reach a consensus with non-OPEC countries (namely Russia) to delay the planned taper in cuts, according to three sources cited by Reuters.
That’s no surprise. Oil jumped earlier but is now down 35-cents to $45.15 as profit taking hits ahead of the decision, which is widely expected to be a three-month delay.