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RBC: Market indifferent to OPEC+'s decision
On December 6th, Jinshi Data News, Credit Suisse analyst Ipek Ozkardeskaya said that the oil market seems to be disappointed or at least indifferent to OPEC+'s extension of production cuts. Brent crude and WTI crude both fell slightly in the previous trading day, currently down 0.7% to $71.48 per barrel and $67.64 per barrel. The analyst said, ‘The problem is that bullish oil people have not been impressed because OPEC’s decision to postpone production resumption plans will not prevent global oil oversupply. OPEC’s statement has been fully reflected in the prices, shorts have the upper hand.’