OPEC+ has reportedly not decided on output plans for April as it stands, Bloomberg reports citing sources; some see scope to resume supply hikes in April

OPEC+ has reportedly not decided on output plans for April as it stands, Bloomberg reports citing sources; some see scope to resume supply hikes in April.

OPEC+'s indecision on April output plans suggests ongoing uncertainty in the oil market, potentially weighing on prices if the group signals hesitation to increase supply. This indecisiveness can influence energy-related assets and may create volatility in currencies tied to oil, including the CAD and NOK as well as impacting inflation expectations going forward.