Commodities
Oil Traders Remain Split on Whether OPEC+ Will Revive Supplies as Planned
- OPEC+ is scheduled to add 543,000 b/d during fourth quarter
- Crude has dipped below $80 a barrel amid doubts about demand
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Oil watchers remain divided over whether OPEC+ will go ahead with a planned production revival next quarter, as demand fears continue to pressure prices.
Twelve respondents in a Bloomberg survey of traders, refiners and analysts predicted the cartel will proceed, while 11 expect it will postpone the hike. Another five forecast the increase will either be partial, or contingent on a lasting output shutdown in Libya.