Will OPEC+ Decide To Extend Oil Output Cuts?

Oil markets retained strength over the past week despite many bearish factors influencing the global economy. COVID-19 cases spiked in Europe leading to new lockdown measures in France and the UK. The 2nd wave of COVID cases also spread to other European countries including Switzerland, Belgium, Italy are tightening measures to contain a 2ndoutbreak of the pandemic. The number of affected countries grow quickly as governments fail to implement strict measures. Yet, oil markets have remained somewhat optimistic as OPEC+ signalled that it could…