Immense uncertainty
It was always shaping up to be a volatile week in oil markets and it's certainly living up to that. Brent and WTI are up more than 2% on Wednesday as the EU continues to work towards an agreeable price cap on Russian crude and OPEC+ consider another large production cut this weekend.
Both carry significant uncertainty and a wide range of outcomes that should ensure oil remains volatile in the coming days, especially if both go into the weekend still up in the air.
30-11-2022 08:46 GMT
by Craig Erlam
