LONDON (Reuters) – A panel of experts of OPEC and allies, known as OPEC+, believes a recent oil price rally might have been caused more by financial players rather than improvements in physical oil market fundamentals, an OPEC+ document showed.
Experts also called “for cautious optimism” due to the underlying uncertainties in the physical markets and macro sentiment, including risks from COVID-19 mutations that are still on the rise, the document said.
(Reporting by OPEC newsroom; writing by Dmitry Zhdannikov; Editing by Chizu Nomiyama)
