DUBAI (Reuters) - The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter told Reuters on Wednesday.
A virtual meeting also puts the focus on the pending European Union deal on a price cap on Russian oil ahead of a Dec. 5 deadline imposed by the bloc for a full embargo on purchases of Moscow's seaborne crude.
"OPEC+ would rather sit on the bench at this time and assess the outcome of what happens on Monday," the source added.
(Reporting by Maha El Dahan; Editing by Kim Coghill)
Price
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Change
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5d. change
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Capi.
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|---|---|---|---|---|---|
| 82.3 USD | -0.31% | +0.31% | - | ||
| 86.87 USD | -0.44% | +0.58% | - | ||
