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Can OPEC+ Even Open The Floodgate?

Can OPEC+ Even Open The Floodgate?

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HFI Research
May 31, 2022
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HFI Research
Can OPEC+ Even Open The Floodgate?
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WSJ came out with an interesting headline using “OPEC delegates” as sources. Here’s the link to the article. Oil prices, of course, took a beating on the news leak falling from $118 to $114.6 at the close.

To be fair, oil prices were already running out of exhaustion prior to the release. It was a classic, buy the rumor, sell the news type price action …

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