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OPEC+ Gives New Signal It May Tweak Plan to Boost Oil Supply

  • Saudi Arabia, UAE ministers spoke before Pfizer vaccine news
  • Cartel has been considering delaying January production hike
Updated on

OPEC+ ministers talked openly about the possibility of tweaking their oil-cuts deal before January’s scheduled production increase.

The comments were the latest in a series of signals that the group was reconsidering plans to ease supply curbs in January, but came before crude prices jumped as much as 11% in New York on news that Pfizer Inc. had developed a promising coronavirus vaccine.