Delayed OPEC meeting fuels speculation that Saudi could reverse supply cuts! | MarketTalk: What’s up today? | Swissquote

Show notes

OPEC decided to delay this weekend’s meeting to next week because talks between Saudi and African members apparently ran into trouble. The barrel of American crude on speculation that the Saudi may reverse its supply cut, instead of doubling it, at a time global slowdown worries outweigh supply cut efforts.
In the FX, the US dollar index rebounded yesterday on the back of some data points that cooled down the Fed doves’ enthusiasm – one of them being higher inflation expectations for next year. But disinflation will be on the menu of this year.
In all cases, Thanksgiving is one of the calmest trading days of the year. Expect thin trading volumes and higher volatility.
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