Oil Prices Rise After OPEC Meeting to Restrict Production

The group's decision comes at a time when global oil demand is recovering from the COVID-19 pandemic, and when supply is already tight due to geopolitical tensions in Eastern Europe.

The 48th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place today, and let me tell you, it was a wild ride. The JMMC, which is made up of representatives from OPEC and non-OPEC c…