Oman oil minister: All OPEC+ members appear to be on board for a cut

The OPEC decision is tomorrow

Oman's oil minister said Russia is on board after the JMMC recommended a reduction in oil output.

WTI crude is near yesterday's high.

Oman's oil minister said the cut will be for six months starting in January.

The big question is how much they will cut. The straight forward answer is more than 1mbpd but very likely less than 1.5 mbpd. The problem is calculating those numbers based on which month, because a cut from November wouldn't do much.