Oil well supported after OPEC+ assessment
Oil prices are extending gains after the OPEC+ meeting today, at which producers agreed to continue to increase output by 400,000 barrels per day, next month. At the last meeting, the group agreed to continue with planned increases in January but made clear it could make adjustments at any point if omicron proves to be a significant drag on demand.
It's clear based on today's meeting that downside risks to demand from the new variant never materialized
04-01-2022 14:54 GMT
by Craig Erlam
