The Wall Street Journal "Exclusive" immediately below was hideously wrong.
From CNBC, November 30:
The influential Organization of the Petroleum Exporting Countries coalition and its allies, collectively known as OPEC+, on Thursday opted against formally deepening production cuts, while de-facto leader Saudi Arabia extended its 1 million-barrel-per-day voluntary trim into the first quarter.
The policy steps were decided in a virtual meeting delayed by internal disagreements over the baselines — the levels off which quotas are decided — of the OPEC group’s largest west African members, Nigeria and Angola. The spat postponed talks initially scheduled to be held in person in Vienna over the weekend of Nov. 25-26. The baselines of Angola, Nigeria and Congo remain under study....
....MUCH MORE
Both Brent and WTI futures are down a bit under two bucks.
Sometimes "Exclusive's" are exclusive for a reason.
