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Oil-producing nations appeared to be on the brink of securing a landmark output agreement in Vienna on Thursday.
It promised a reward of free burgers to women who get "the best football genes" and "ensure the success of the Russian team for generations to come."
Matt Smith of ClipperData says OPEC will agree to a "moderate" easing of oil output curbs at its Friday meeting with allies to review global demand and supply.
The U.S. trade dispute with China, in a roundabout way, could determine how successful the U.S. will be in sanctioning Iran's oil this time around — and that uncertainty is also playing out at OPEC.
Ross last year held shares in companies co-owned by China's government, according to a Forbes report earlier in the week.
OPEC kingpin Saudi Arabia is struggling to convince some of the world's largest oil producers over the need to increase oil output ahead of a key meeting on Friday.
India is the world's third-largest oil consumer, and sources about 86 percent of its crude oil and 75 percent of its natural gas from OPEC countries.
Vandana Hari of Vanda Insights says that it is possible for OPEC and its allies to reach a consensus on relaxing oil output curbs, but the level is the key.
President Donald Trump's attempt to politicize the oil market should be castigated by OPEC, according to Iran's energy minister.
Iranian Oil Minister Bijan Zanganeh said OPEC could leave Vienna without agreeing on a path forward for their 18-month-old deal to limit oil output.
OPEC heavyweights including Iran and Iraq have opposed such a move.
OPEC kingpin Saudi Arabia appears to have altered its approach to oil production in the wake of repeated Twitter attacks from President Donald Trump, RBC's Helima Croft told CNBC.
David Lennox of Fat Prophets says the upcoming meeting of OPEC and allies will likely see some cohesion despite differences over whether to ease output curbs.
Azlin Ahmad of Argus Media says a meeting of key oil producers in Vienna this week could pave the way for a "smaller" increase in output.
Goldman Sachs still expects the price of oil to climb back above $80 a barrel over the coming months, despite growing concerns over higher OPEC crude production.