OPEC+ has taken steps to achieve ‘stable’ crude market in 2023

OPEC Sec Gen has been on the wires this morning:

• SAYS THROUGHOUT 2023 OPEC+ TOOK PROACTIVE AND PREVENTIVE APPROACH TO ACHIEVE STABLE MARKET
• OIL DEMAND CONTINUES TO RISE SIGNIFICANTLY
• SAYS CHINESE ECONOMY STILL GROWING BY 4.5-5%, SLOWER THAN WHAT WE HAVE BEEN USED TO
• SAYS WE STILL SEE A HEALTHY GLOBAL ECONOMY DESPITE INFLATION, CENTRAL BANK ACTION
• THERES A LOT MORE ROOM FOR AVIATION DEMAND TO PICK UP

(Reuters) – The Organization of the Petroleum Exporting Countries and allies (OPEC+) have taken a proactive and a preventative approach to achieve a stable crude market, its general secretary told the Argus European Crude Conference on Tuesday.

~ Sounds like someone is trying to pump the market (WTI down 2%)