OPEC+ mulling 1.0m barrel production cut
BP
373.30p
17:15 08/11/24
-2.15%
-8.20p
Brent crude oil futures jumped at the start of the quarter amid reports that the Organisation of Petroleum Exporting Countries and its allies may cut their combined output by approximately 1.0m barrels a day.
FTSE 100
8,072.39
17:14 08/11/24
n/a
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FTSE 350
4,459.45
16:59 08/11/24
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FTSE All-Share
4,417.83
16:44 08/11/24
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Oil & Gas Producers
7,978.02
16:59 08/11/24
-1.55%
-125.50
Shell
2,564.50p
16:45 08/11/24
-1.35%
-35.00p
The reports, citing delegates, said that cuts of 0.5m b/d or 1.0m b/d were also on the table for Wednesday's meeting and that a final decision would not be taken before.
-- More to follow --