Mixed Signals On Oil Demand, Shifting OPEC+ Policy Driving Price Volatility – Investing.com

  • Date: 22-Jul-2021
  • Source: Investing.com
  • Sector:Oil & Gas
  • Country:Gulf
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Mixed Signals On Oil Demand, Shifting OPEC+ Policy Driving Price Volatility – Investing.com

The market has seen some extreme volatility this week. Some of it was due to OPEC's internal politics and the way the cartel chose to resolve the recent production impasse. Lack of clarity over demand signals has been an additional catalyst. Here's what it might all mean for prices.

On Sunday, OPEC+ met via videoconference and resolved remaining from its failed July 1 meeting.