Good morning. Oil holds drop amid vague output cut plan by OPEC+, it was a strong month for US stocks and HPS Investment confidentially filed for IPO. Here’s what people are talking about.
Oil steadied after tumbling on Thursday following an OPEC+ meeting that promised further output cuts but was hazy on the details. The absence of a concluding press conference and final communiques provided a slightly confusing set of numbers that left traders puzzling over the exact deal. The alliance announced roughly 900,000 barrels a day of additional oil output cuts from January, but the curbs are largely voluntary and Angola has already rejected them.