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Video / 19 May 2017 at 13:30 GMT

Oil focus switches from Trump to Opec — #SaxoStrats

Ole Hansen
The big issues facing Opec when it meets on May 25 are examined by Saxo Bank’s head of commodity strategy Ole Hansen.

Following a volatile past week in oil markets surrounding the Trump trade, a deal is likely to be stuck by Opec members that will mean current production cuts are extended by six months, or even nine months, Hansen says.

Opec is in a situation where they must deliver on promises so recent positive market price action can also be maintained, explains Hansen, who also talks about the meeting’s implications for the second half of 2017.

Read more about Hansen’s views on oil and other commodities here.
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