US ratings agency Fitch out with their post-OPEC meeting thoughts 1 Dec
– OPEC deal has not changed our view on long-term oil price which we believe are more driven by marginal cost of supply
That’s the key area for me and helping to cap oil price rises. Agreements are made to be broken and have been before on many an occasion.
Fitch says OPEC oil deal likely to result in much quicker market rebalancing
