OPEC confirms commitment to production cuts- Brent rises towards $77.25 (corrected)

The latest, regular meeting of the OPEC JMMC committee has seemingly just concluded. The upshot of that gathering has delivered no change in policy. They have once again delayed any production increase by another 3 months. OPEC will next meet again on April 5. Ahead of this oil prices had been rising earlier today. On Friday evening Brent for April delivery has settled $0.22 lower, at $75.67. Prices had lifted today sharply yesterday evening, rising to $77.34 and after an earlier Asian session relapse to just below $76, more recently it had been pushing higher into this meeting, lifting back above $77 per barrel. The outcome of this meeting has not changed that just now. That said, oil prices face a very uncertain future given the trade war news. Earlier today a report did state; that according to insider sources the US may not be able to up its level of fracking production. There is however no confirmation of that news here. That, if true is a supporting factor and may help explain the price right now trading at $77.20