What To Watch Before The Next OPEC+ Meet

With the Fed’s decision to raise rates behind us, there are still multiple uncertainties threatening to keep oil prices unstable. In the current tight market, the Fed’s move to hike rates by 75 basis points sent WTI lower, but by less than 1%. Gasoline prices continue to tick down, but the risk of a slowdown in price reductions on this front remains.  All eyes are on the OPEC+ meeting next week where the cartel will discuss the plan for September. While the OPEC+ agreement will be officially rolled back in August, the group has…