OPEC+ to Stay the Course

On Wednesday, WTI crude closed relatively unchanged. However, crude is moving lower in early trading this morning.  Fed comments from the Federal Open Market Committee (FOMC) meeting minutes regarding the slow pace of economic recovery gave pause to equities and oil markets, although weakness in the dollar helped to support oil prices.  “Participants generally agreed […]

Economy Recovers as OPEC+ Ease Oil Cuts

On Wednesday, OPEC+ agreed to ease oil supply curbs that occurred in August, in turn dropping oil prices. As the economy tries to rebound from the COVID-19 pandemic, there are fears that the virus could unleash a second wave and compromise the slowly rebounding market. Since May, OPEC+ have cut output by around 10% of […]

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