Commodities
Oil Watchers Split on Whether OPEC+ Will Hike Supplies
- Ten of 23 traders, analysts expect full fourth-quarter boost
- Key members to hold ‘routine’ monitoring meeting on Aug. 1
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Oil-watchers are divided over whether OPEC+ will proceed with plans to boost supplies next quarter, as prices falter amid a fragile global market.
Only 10 of 23 traders and analysts surveyed by Bloomberg predict that the group led by Saudi Arabia and Russia will fully implement the 543,000 barrel-a-day hike. Another three forecast a partial increase, while the remainder expect no addition at all.