OPEC+ is likely to keep oil output quotas unchanged for October at a meeting on Monday according to three OPEC+ sources as reported by Reuters.
- They report some sources would not rule out a production cut to bolster prices.
- Uncertainty over the OPEC+ decision is helping to support crude outright futures and spreads markets.
- Brent NOV 22 up 2.2% at 94.39$/bbl
- WTI OCT 22 up 2.3% at 88.6$/bbl
- WTI-Brent down -0.13$/bbl at -6.29$/bbl
- Brent NOV 22-DEC 22 up 0.31$/bbl at 1.35$/bbl
- Brent DEC 22-DEC 23 up 1.28$/bbl at 9.9$/bbl