Oil jumps into positive territory on report OPEC+ will ‘seriously consider’ output cut

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Oil jumps into positive territory on report OPEC+ will ‘seriously consider’ output cut

It's turned into quite a day in the oil market.Crude is now positive on the day at $76.91 from a low of $73.60 and it comes after analysts at the Eura

It’s turned into quite a day in the oil market.

Crude is now positive on the day at $76.91 from a low of $73.60 and it comes after analysts at the Eurasia Group said OPEC+ will ‘seriously consider’ an output cut next week.

I haven’t seen the report myself but Eurasia Group isn’t one of the usual OPEC leaks so I’d handle this one carefully.

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