cover of episode MM006: Oil surges as OPEC+ hold firm

MM006: Oil surges as OPEC+ hold firm

2021/3/5
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Market Maker

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In this week's episode, Piers and I review the latest decision from OPEC+ where the cartel opted to not relax supply curbs even as the global economy pulls out of its pandemic-driven slump, confounding widespread expectations the group would loosen the taps. We investigate the reasons behind the decision and how the Saudi strategy brings back memories of 2014/15. Also, under discussion is the latest US jobs report and next week's ECB meeting. Hosted on Acast. See acast.com/privacy) for more information.