OPEC Plus considered cutting oil production

The markets were heavily influenced today by the suggestion OPEC Plus will cut its oil production by a million barrels a day.
Commonwealth Bank commodities analyst Vivek Dhar says OPEC Plus produces around three and a half million barrels a day below what its quota production suggests.
"So this is more a signal of intention," he told Ross Greenwood.
"On the physical side, we're not going to see this impact come through, materially, just given the fact that they're underproducing what they promise for months now."