Wall Street: Sunday’s OPEC Meeting Will Disappoint

Wall Street: Sunday’s OPEC Meeting Will Disappoint

Oil traders and investors around the world will be watching headlines from Doha, Qatar this weekend as OPEC meets to discuss a potential deal to freeze crude output at January levels.

The meeting, which is set for Sunday, 17 April, is notable because it will be attended by OPEC members as well as other major producers such as Russia.

Speculation that the oil cartel and other major producers will agree to freeze production has sent the price of Brent crude surging this week to a level not seen since the beginning of December last year.

But while oil prices seem to be suggesting that a freeze is imminent, Wall Street analysts remain cautious and have a...