OPEC’s surprise move to proceed with planned production hikes poses downside risk to oil prices. Analysts have lowered 12-month Brent forecasts to USD70 per barrel from USD75 per barrel previously. It is possible that the unwind of voluntary cuts may not last the full extent, as OPEC+ has indicated it will remain sensitive to market conditions. On Wealth Tracker, Hongbin Jeong speaks to Sim Moh Siong, Currency Strategist, Bank of Singapore, to find out what this means for the oil market moving forward.

OPEC&rsquo;s surprise move to proceed with planned production hikes poses downside risk to oil prices. Analysts have lowered 12-month Brent forecasts to USD70 per barrel from USD75 per barrel previously. It is possible that the unwind of voluntary cuts may not last the full extent, as OPEC+ has indicated it will remain sensitive to market conditions. On Wealth Tracker, Hongbin Jeong speaks to Sim Moh Siong, Currency Strategist, Bank of Singapore, to find out what this means for the oil market moving forward.

Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

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