BofA's Blanch Sees OPEC Deal This Month

The transcript discusses the potential for an OPEC deal, highlighting the economic logic, Saudi Arabia's financial needs, and internal politics as key drivers. It suggests that a deal could lead to reduced inventories and higher spot prices, despite challenges from non-OPEC nations and US shale. The potential benefits include a change in market structure and reduced downside risk.

What potential impact could a deal have on the price of oil according to the discussion?

What are the expected benefits of a coordinated action to lower inventories in the oil market?