Diesel consumers looking at the results of this past weekend’s failure by the OPEC+ group to come to an agreement might be confused by the reaction.
Historically, OPEC meetings that fail to reach agreement on production levels result in the price of oil falling, with traders anticipating that the lack of restraints will likely lead to a rise in production and an imbalance in supply and demand.
In a virtual meeting Monday, the OPEC+ group — which consists of OPEC and a group of exporters that are...