Crude oil prices have started to rise as tensions mount ahead of the most important OPEC+ meeting before 2025, which will be held on Thursday. Ahead of the meeting, Iranian official Afshin Javan made an ominous statement by issuing an opinion piece that blamed OPEC+ for the current low prices. The main point of the opinion piece was that OPEC+ had kept oil prices high for too long, funding its competitors to boost cheaper alternatives.
The debate is heated ahead of Thursday's online meeting after Afshin Javan's opinion piece, where OPEC+ will agree to extend its production curbs.
At the time of writing, Crude Oil (WTI) was trading at $68.90 and Brent Crude Oil was at $72.75.
Source: FXStreet
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