Mixed Messages From OPEC+ Keep Markets On Edge

On Thursday, US benchmark July crude oil futures prices declined after Russian Deputy Prime Minister Alexander Novak suggested that there might not be any additional production cuts by OPEC+ in their upcoming meeting. Novak expressed doubt about the likelihood of further cuts, referring to previous decisions made regarding voluntary reductions in oil production by certain countries. Contradictory Statements Fuel Uncertainty for OPEC+ Meeting The recent statements from key OPEC+ producers have been contradictory, creating uncertainty about the outcome…