OPEC panel considering scenario of deepening, extending oil supply cut - RTRS

Reuters reporting latest headlines on oil markets, citing that the OPEC panel is considering scenario of deepening, extending oil supply cut to lower inventories.

The OPEC panel is expected to conclude meeting later today, following scheduled talks with Non-OPEC nations.

The OPEC panel meets ahead of next week’s meeting in Vienna.

Meanwhile, both crude benchmarks rallied over +1% on the headlines, with WTI testing $ 50 mark, while Brent regains $ 53.