Nuttall: Oil Fundamentals Support OPEC+ Decision To Ease Output Cuts ...0

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Nuttall: Oil Fundamentals Support OPEC+ Decision To Ease Output Cuts
source : OILPRICE ( Middle East ) () 32
Oil market fundamentals support the OPEC+ decision to increase May’s crude oil production by three times more than what the group originally planned, energy investor and senior portfolio manager at Ninepoint Partners Eric Nuttal told BNN Bloomberg on Thursday. “It was a surprising press release to wake up to,” Nuttal said, speaking of OPEC’s decision.  “Unfortunately for them, I think they could justify it through looking at strong enough fundamentals, at least before yesterday—looking at inventories being…

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