Crude and refined product futures were all higher near midday Tuesday, boosted by speculation over a possible extension or expansion of production cuts by OPEC and its allies ahead of their Thursday meeting.
OPEC+ members are expected to discuss the cartel’s 2024 production targets as Saudi Arabia’s 1-million-b/d and Russia’s 300,000-b/d output reductions are set to expire at year’s end.
The…
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