Oil, the strange Opec+ cut that no one had seen coming

No one had seen it coming. OPEC+ took the market by surprise with a surprise and unusual cut in oil production by over one million barrels a day on Sunday afternoon: a move immediately criticized by the White House, which relaunched the prices of the barrel and turned on the inflation alarm again.

Brent has soared since the start of trading on Monday, posting upside of more than 8% which has pushed it above $86…