Oil rallied as the dollar wobbled and markets digested the possibility of OPEC+ cutting production in order to stabilize the volatile futures market.  West Texas Intermediate rose 3.7 per cent to over US$93 a barrel while Brent futures surpassed US$100 a barrel as dollar weakness made commodities prices in the currency more attractive. Traders are weighing the potential of OPEC+ decreasing its crude output after Saudi Oil Minister Prince Abdulaziz bin Salman told Bloomberg 'extreme' volatility is disconnecting futures prices from fundamentals.

https://www.bloomberg.com/news/articles/2022-08-23/oil-gains-after-saudis-flag-opec-action-to-arrest-price-slide

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