US
Oil producers’ group is to decide whether to extend output cuts or reduce them
Expects to cover lion’s share in massive projected demand spike
Markets keenly awaiting news from OPEC+ about next level of production cuts
Brent set for weekly decline of almost 2%, US crude to fall about 4%
Market in holding pattern ahead of OPEC market monitoring panel meeting
Covid-19 infection cases cross grim milestone of over 3 million in US
Sixteen US states report record increases, other parts hit by resurgence
Both crude benchmarks rose over 2% a day ago, buoyed by strong US job figures
US crude inventories decline far more than analysts expected
US crude, gasoline stocks fall more than expected while distillate inventories rise