Russia’s Novak: I do not see new steps at the June 4th OPEC+ meeting

Market news

25 May 2023

Russia’s Novak: I do not see new steps at the June 4th OPEC+ meeting

Russian Deputy Prime Minister Alexander Novak said on Thursday, “I do not see new steps at the June 4th OPEC+ meeting.”

“I see Brent above $80/bbl by year-end,” Novak added.

Market reaction

WTI is extending its retreat from three-week highs of $74.36 on the above comments. The US oil is losing 0.45% on the day to trade at $73.86, as of writing.

Currencies. Daily history for Thursday, May 25, 2023

Commodities. Daily history for Wednesday, May 24, 2023

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