Calling OPEC+ bluff?
It's not just the resolve of Japan’s Ministry of Finance that's being tested by the markets at the moment, with oil prices trading not far from their late summer lows despite the warning shot from OPEC+ earlier this week. While the 100,000 barrel cut wasn't fundamentally significant, it was clearly intended as a warning not to drive the price lower or face further cuts.
07-09-2022 09:35 GMT
by Craig Erlam