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Crude Oil Overview: OPEC+ Agrees on Output Increase, Oil’s Sharp sell-off Analyzed

BRENT CRUDE OIL AFTER OPEC+ MEETING: Brent crude oil’s sharp sell-off and recovery after OPEC+ stick with January plan but reserve the right to alter the decision. Oil recovers from sharp sell-off as key long-term trendline remains intact. IG Client Sentiment ‘mixed’ once more despite even larger net long positioning than previously. OPEC+ LEAVES JANUARY OUTPUT PLANS UNCHANGED BUT REMAINS FLEXIBLE TO OMICRON-RELATED SHOCKS Yesterday the Organization of
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