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Opec-Plus Fallout Roils Markets as Demand Falters

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Roller-coaster oil prices ended the week barely changed as traders mulled the impact of Opec-plus production cuts against the demand destruction they are likely to cause. The International Energy Agency warned Wednesday that higher prices from what it expects to be a 1 million barrel per day cut in real Opec-plus production could tip the global economy into recession. It has lopped 470,000 b/d off its demand forecast for next year with jet fuel and China the only bright spots.

Jet Fuel, Oil Spot Markets, Diesel/Gasoil, Oil Products, Crude Oil
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