OPEC meeting in focus

Meeting of OPEC and Russia, also called OPEC+ will be in focus of this week as they will meet via video conference on Thursday to discuss oil outputs. Oil is at pre covid levels and with demand rising and missing productions from Texas hike is logical answer, but we dont know how big hike it will be, its clear that Russia will want to increase production as $60 per barrel is a good price for them. However with demand getting bigger we cant expect huge sell off. (Meredith, CNBC)

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