Brent Crude (OIL) gains almost 2% today as Delegate informed that OPEC+ will postpone previously planned increasing production by 2 months. Now, markets can speculate that finally OPEC+ will stop the strategic plan, potentially leading to higher Brent prices. On the other hand, macro environment and weakening US dollar may limit potential for higher prices; also OPEC+ doesn't want a demand destruction scenario.

Source: xStation