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OPEC+ calls for 'cautious optimism' on oil market
Energy
- 04 March, 2021
- 05:07
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A panel of experts of OPEC and allies, known as OPEC+, believes a recent oil price rally might have been caused more by financial players rather than improvements in physical oil market fundamentals, citing an OPEC+ document, Report informs, citing Reuters.
Experts also called 'for cautious optimism' due to the underlying uncertainties in the physical markets and macro sentiment, including risks from COVID-19 mutations that are still on the rise, the document said.
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