OPEC+ Says Joint Ministerial Monitoring Committee Concludes; Compensation Discussed
Portfolio Pulse from Benzinga Newsdesk
The OPEC+ Joint Ministerial Monitoring Committee has concluded its meeting, where compensation mechanisms were discussed. This could impact oil prices and related ETFs.
October 02, 2024 | 2:06 pm
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The conclusion of the OPEC+ meeting and discussions on compensation mechanisms could influence oil prices, impacting the United States Oil Fund (USO).
OPEC+ decisions often influence global oil prices. As USO is an ETF that tracks oil prices, any changes in oil market dynamics due to OPEC+ actions could impact USO's price.
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