Senior Market Analyst Craig Erlam discusses the oil output cuts in light of today’s Joint Ministerial Monitoring Committee meeting. While producers taking part in the cuts appear satisfied, traders remain unconvinced which may force further action before the program expires at the end of the first quarter of 2017.
Craig also takes a look at a chart of Brent crude and gives his analysis of how today’s comments have impacted the outlook for oil.
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Craig Erlam
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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