Goldman Sachs do not expect a large market reaction if OPEC8+ decides to increase output

Goldman Sachs:

• “We do not expect a large market reaction if OPEC8+ decides to increase production on Sunday as consensus has already shifted towards this outcome”

It is the consensus, yes, I published this earlier:

• Heads up for the OPEC+ meeting this coming weekend – expected to boost output again

Brent crude oil update since the spike higher on the Sunday evening US time/Monday morning Asia time after Trump bombed Iranian nuclear facilities:

This article was written by Eamonn Sheridan at www.forexlive.com.