Insights to crack the crude oil markets. CME Group provides complimentary charts and analysis bi-weekly on the crude oil markets delivered by PVM, the world’s leading broker of oil instruments.
In this issue: The next OPEC+ meeting on November 26th will determine how much oil the alliance will produce for the global oil market. The CME OPEC Watch Tool can help determine the probability of three outcomes: increase output, maintain output cuts, or further output cuts. Assessment of the probability outcome will start November 6.
PVM is the world's leading broker of oil instruments, including over-the-counter broking of swaps, forwards, and physical crude oil and refined products ‒ together with exchange broking of WTI, Brent, and Gasoil futures contracts.
At 1/10 the size of the benchmark WTI futures contract, Micro WTI Crude Oil futures offers the same robust transparency and price discovery of larger WTI futures with smaller margin requirements.
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