Oil Price: two key meetings next week that will affect the crude oil price - in the long run

[hemanthaa@mail.com + 64]

The negotiators involving the JCPOA, Joint Comprehensive Plan of Action, also known as 2015 Iranian nuclear deal, are going to meet next week in Vienna, the Austrian capital, with both sides encompassing themselves in a fog of optimism - for the rest of us to make it translucent.  The members of the OPEC+, meanwhile, are going to meet virtually next week too, without leaving much room for speculation. Both factors, however, are going to affect the crude oil price in the long run, if the pandemic in Asia affects the same in the short run.

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Edited April 23, 2021 by hemanthaa@mail.com