Russia’s Novak says they will be announcing main parameters of OPEC+ deal next week

Read full post at forexlive.com

It’s not entirely clear what Novak is referring to here but he said that Russia agreed with OPEC+ of further actions. He might be referring to an extension of Russian cuts or a larger OPEC deal. There are some ticks lower in oil on these headlines but I think the market might have that backwards.