Technical Outlook: OPEC Debate Keeps Oil Markets On Edge

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A strong sense of anticipation can be felt across oil markets as investors await the outcome of a meeting of ministers from OPEC and Russia.

Will OPEC+ cap output at current levels for February after deciding to raise production by 500,000 barrels a day in January? The re-opening of economies across the world and the rollout of vaccines have boosted sentiment towards Oil.

However, surging coronavirus cases and lockdown restrictions threaten global energy demand recovery. It must be kept in mind that Germany is likely to prolong stricter lockdowns, Japan is considering another state of… Read More:

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