Oil Traders Expect OPEC+ to Stick With Supply Plan Next Week

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Oil traders expect OPEC+ to stick with its current supply policy at a review meeting next week, resisting pressure from U.S. President Donald Trump to open the taps and bring down crude prices.

The alliance led by Saudi Arabia and Russia is unlikely to deviate from its current road map, which calls for continuing supply curbs this quarter before gradually unwinding them from April, according to all but one of 15 traders and analysts surveyed by Bloomberg. Several OPEC+ delegates privately said the same.

Last week, Trump twice called on OPEC to “cut the price of …