Skip to content
Markets

What Next for Oil After Surprise OPEC+ Cuts? Try $100 a Barrel

  • Cartel removes more than 1 million barrels a day from market
  • Analysts say the decline in oil inventories will accelerate
An oil tanker docked at the Tanjung Priok Port in Jakarta, Indonesia  

An oil tanker docked at the Tanjung Priok Port in Jakarta, Indonesia  

Photographer: Dimas Ardian/Bloomberg
By

Updated on

Sign up for our Middle East newsletter and follow us @middleeast for news on the region.

Sunday’s surprise OPEC+ production cuts have redefined the outlook for crude prices, bringing $100 a barrel back into the frame.