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Here’s What Citigroup to Goldman Say About Oil After OPEC+ Move

Russian Oil Pumping Jacks Ahead Of OPEC+
Photographer: Andrey Rudakov/Bloomberg

OPEC+ stuck to its guns and maintained its modest output boost for December as the alliance shunned calls from key consumers to pump more. President Joe Biden has been a vocal advocate of a larger supply increase and the decision from the group prompted the U.S. to say it would consider a wide range of tools to deal with prices. Brent rose Friday after sinking this week.

Here’s what some analysts had to say about the oil market after OPEC+ agreed to increase production by 400,000 barrels a day next month: