Then it is probably a fudge. The manner in which the OPEC/OPEC+ powers that be vacated the airwaves without so much as dropped comment, let alone a press conference, speaks volumes in terms of members not airing their dirty laundry in public.
Is it such a fantastical notion to think that OPEC have embarked on a campaign of lowering expectation? Wandering around the newswires dropping bearish bombs such as ‘there may be a further delay in the scheduled meeting, a rollover is a possibility’, and the admission that ‘talks are proving difficult’,...
There is a lot to ponder this week: US consumer confidence report today, the same for the euro zone tomorrow together with US 3Q GDP growth estimates followed by Chinese manufacturing survey, euro zone flash inflation reading and US PCE price index on Thursday and finally US manufacturing PMI on Friday to round up this week’s data releases.
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