OPEC+ to Hold Its Ground Amid Oil Tumult Caused by Bank Crisis
- Delegates see group sticking to current policy in talks Monday
- Oil hit 15-month low in March as bank failures roiled market
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OPEC+ is still finding that the best response to growing oil market uncertainty is to hold its ground.
When last month’s banking crisis dragged crude futures to a 15-month low near $70 a barrel in London, speculation swirled that Saudi Arabia and its partners might intervene with fresh production cuts to shore up the market.