for Forward curve
There are already signs that OPEC is committed to following through with pledges, even if indicators are contradictory and vague at the moment. The oil market has stabilized in the low-to-mid $50s, indicating the group has indeed put a floor under prices for the time being.
The intense levels of collusion on a global scale between politicians of producer states, OPEC representatives, and even traders are a clear reminder that the cartel's operations undermine a fair, free, and transparent oil market. OPEC argues that its decision last week was in the interests of price stability, but others see the exact opposite.