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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (97494)11/12/2020 8:20:42 AM
From: Goose94Read Replies (1) of 202716
 
Crude Oil: The International Energy Agency isn’t buying into the excitement around Pfizer’s COVID-19 vaccine. Indeed, the IEA today lowered its demand forecasts, almost entirely due to weakness in OECD nations amid the pandemic’s continued spread – while saying a vaccine is “unlikely to ride to the rescue of the global oil market for some time.” The agency also reckons OPEC+’s meeting next month will unfold against a “difficult backdrop”. And .on that front, our Bloomberg News partners are reporting the group of nations is “zeroing in” on delaying a production hike for as much as six months. BNN.ca
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