OPEC+ will meet Sunday to set August output levels amid ongoing disruption in the Strait of Hormuz. The geopolitical supply risk raises the probability of tighter crude availability and supports firmer energy prices. This is likely to be a sector-moving catalyst, even before any final quota decision is announced.
OPEC+ will meet Sunday to set August output levels amid ongoing disruption in the Strait of Hormuz. The geopolitical supply risk raises the probability of tighter crude availability and supports firmer energy prices. This is likely to be a sector-moving catalyst, even before any final quota decision is announced.
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mildly negative
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