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Get up to speed with what’s moving markets
Good morning. A big meeting for the oil market, inflation challenges and the hybrid-working debate. Here’s what’s moving markets.
OPEC and its allies will hold a critical meeting on Thursday with the aim of striking a deal on the pace of output increases, having already given members an extra day for preliminary talks in the hopes of hammering out an agreement. The coalition is considering whether to continue reviving supplies, which could ease pressure on prices as demand bounces back. Oil prices are steady ahead of the meeting, reflecting in part nervousness over the fast-spreading delta variant of Covid-19 and the risk it poses to economic reopening in some regions.