FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. None of these alternatives is clearly superior to a three-month postponement, which is therefore the most likely outcome from the meetings over Nov. 30 and Dec. 1. And most likely for three months with another review towards the end of the first quarter. Physical traders and portfolio managers have started to price in a high probability of a rollover in recent weeks, which has helped to support spot prices and calendar spreads despite the worsening epidemic. REUTERS/Dado Ruvic/IllustrationFor tactical reasons, both countries are trying to avoid committing to a rollover until the meeting is closer, seeking to keep their options open and secure adherence from other oil producers in the OPEC+ group.
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