OPEC+ agrees to delay October oil output increase – report

OPEC+ agrees to delay Oct output increase for two months, according to a delegate cited by Reuters. This is exactly what was rumored earlier this week.

Some market watchers are worried about a build in global inventories in H1 2025 though. So far this week, the rumors of this deal have done almost nothing for oil.

This article was written by Adam Button at www.forexlive.com.