Not a lot of change foir the oil price during the session here. It follows Brent settling at its highest since late November on the OPEC+ announcement (400k boost as expected).

ING:

  • There were no surprises from OPEC+ yesterday.
  • The move provides some comfort to the market as it signals that they are confident with the demand outlook in the coming months.
  • As a result, Brent managed to settle at $80/b yesterday, the highest level since late November