Expect a 6-or 9-month extension of OPEC deal to be agreed to on Nov. 30 - Barclays

The Research Team at Barclays offers their thoughts on the possible outcome of the OPEC meeting in Vienna starting this Wednesday, Nov. 29, with the outcome due to be announced on Nov. 30.

Key Points via Reuters:

Barclays expects a 6-or 9-month extension of OPEC deal to be agreed to on Nov. 30, but extension length is less important than quota level.

On Nov. 30, member countries are unlikely to provide clarity on production levels in 2018.