Oil Markets On Edge Ahead Of OPEC Meeting

The OPEC+ chatter this week is unbearable. Analysts, traders, and media alike have spent considerable time reading tea leaves to determine what course OPEC+ will take at its next round of meetings, scheduled to begin over the weekend. Analysts have reviewed breakeven points for OPEC members—figures that could reveal the oil prices at which OPEC+ members would have no choice but to cut production to move prices back into comfortable territory. Analysts have reviewed OPEC’s historical decisions and the fundamentals and market conditions…