Japanese Chief Cabinet Secretary Matsuno Welcomes OPEC’s Decision to Increase Oil Production | Forexlive


The news overnight was:

Up from around +430K previously agreed in these months. It’s a welcome development, and will make a difference at the margin… but. It will barely touch the sides. Add to that most OPEC countries failing to meet their monthly production quotas now and you can see why oil has surged back after the announcement.

Update:

Yet, Japan expresses happiness.


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