CNBC correspondent Sam Meredith discusses the upcoming OPEC+ meeting, referencing Longview.
"Brad Waddington, economics and markets analyst at Longview Economics, said unless OPEC+ announces new production guidance for months beyond January, the market may be underwhelmed by Thursday’s OPEC+ meeting.
“Even if OPEC+ announces a longer-term adjustment, though, downside risks to oil prices remain,” Waddington said, citing U.S.-Iran nuclear negotiations and concern over omicron.
“In summary, appetite within OPEC+ to change their plans is probably growing. Whether significant and convincing changes are announced this week bears watching closely and will be key for oil price direction."
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