OPEC expected to cut oil production next week - Bloomberg survey

According to a Bloomberg survey published this Tuesday, OPEC and its allies will announce production cuts when they meet on Dec. 6-7, defying pressure from the US President Donald Trump.

Key highlights:

   •  Thirty-one of 36 analysts predict a deal to curtail supplies.
   •  Average estimate point to a cut of 1.1 million barrels a day.
   •  There is less confidence that Russia will participate in output curbs.