OPEC+ is discussing delaying the output hike for Q1 – report

Reuters is out with some headlines on the OPEC+ meeting, which was scheduled for Sunday but was delayed until December 5.

• OPEC+ is discussing delaying the hike for Q1
• To hold further talks in the coming days
• Scheduled output increase for Jan is among the issues to be addressed

None of this is a surprise. There has been talk of a delay through Q1 for awhile and there is also talk of a delay for all of H1. None of the talk has helped to lift oil.

This article was written by Adam Button at www.forexlive.com.