Oil prices show slight gains before the OPEC+ meeting. China’s factory activity is expanding. OPEC+ may increase output by 411,000 barrels per day. Tensions between Israel and Iran have eased. US crude inventories are declining. Experts believe oil prices may remain under pressure. Declining US rig counts and potential demand recovery from Asia could limit downside.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets