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Ai-Neural Network Indicators show OPEC meeting will not bring relief to oil market

The ongoing discussion in the OPEC oil cartel, to meet for a new production cut discussion on December 1 2020 in Vienna, Austria, is not looking to be a boost for the market. Even that there is strong optimism in the market currently pushing WTI and Brent to the highest levels of 2020, breaking almost pre-Corona levels, underlying sentiments and indicators, available to AI-machine learning systems show a clean break potential around the OPEC-meeting.

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Predicting Post Trump Corona Impact on Commodity Prices and Risks!

Oil is the most traded commodity! Oil derived products are woven into our society and companies and countries rely on its availability and income. Global oil markets are heading towards increased volatility again. The already toxic combination of COVID-19 demand destruction, OPEC+ fledgling strategies and a possible renewable energy surge, is hitting oil markets worldwide. Conventional approaches to look only at the impact of market fundamentals, as proponed by the majority of oil and gas analysts, institutional investors and governments, is since long undermined by the impact of geopolitics, monopolies and infrastructural constraints.

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