Oil prices could turn volatile if OPEC+ fails to extend production cuts this weekend
OPEC+ members have an incentive to avoid drama when they meet this weekend. Members of the Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, will hold a much-anticipated ministerial meeting via videoconference on June 2 — and the oil market has already made the assumption that the group will extend its voluntary output cuts by three months,