According to a Bloomberg survey published this Tuesday, OPEC and its allies will announce production cuts when they meet on Dec. 6-7, defying pressure from the US President Donald Trump.
Key highlights:
“¢ Thirty-one of 36 analysts predict a deal to curtail supplies.
“¢ Average estimate point to a cut of 1.1 million barrels a day.
“¢ There is less confidence that Russia will participate in output curbs.