OPEC+ meeting confirmed to be rescheduled to 5 December

The official excuse is that the meeting is moved due to the Gulf Summit taking place in Kuwait on 1 December. But reading between the lines, perhaps some members need more convincing in reaching a common ground to decide what to do next on policy. As things stand, the planned oil output hike will be due to start in January. But we could see that timeline get kicked down the road, with the decision needing to be made in the coming week.

This article was written by Justin Low at www.forexlive.com.