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Financial Post publishes an explainer asking whether OPEC still sets global oil prices, noting that the structure of oil markets has changed and the cartel's influence has diminished. It does not report a new supply event.
The piece is background commentary with no new supply or demand change, so it has little direct price implication for feed markets.
financialpost.comLarysa HarapynFeb 21, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
