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After the market started the session positively yesterday, the OPEC-JMMC meeting and the oil talks resulted in a strong correction.
As we know, the OPEC-JMMC meetings are attended by representatives of 13 OPEC members and 11 other oil-rich countries. They discuss a number of issues relating to energy markets and, most importantly, agree on how much oil they will produce. So as long as the meetings are ongoing, we can expect everything, due to the fact that a conversation with a journalist of one of the group members may be perceived contrary to the intentions, and the market will behave completely inconsistently
