Skepticism and Confusion: What Analysts Say About the OPEC+ Cuts
- The market will scrutinize compliance levels closely, UBS says
- Hints of ‘limited commitment’ from group, Morgan Stanley says
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The latest bid by OPEC+ to support crude prices with additional oil-output cuts that’ll take effect from January has left market watchers skeptical about the effectiveness of the move. That’s partly because of the voluntary nature of the curbs, and partly because of their opacity.
With futures prices edging lower on Friday, here’s what analysts are saying: