OPEC Output Cuts

• Plenty to keep in mind in oil markets today. Expectations that OPEC and its partners will make deeper cuts to crude oil production when they meet next week have essentially evaporated, according to a Bloomberg survey, raising new concerns about the outlook for prices.
• In Libya, output has been halted in a key oil field amid clashes between pro-government forces and their rivals.
• But any impact that could have on prices has been overshadowed by rising U.S. inventories and after Trump signed the Hong Kong bill, meaning oil prices are a touch lower going into Thursday.

(Source: Bloomberg)