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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (103352)	3/5/2021 12:53:44 PM
From: Goose94	Read Replies (1) of 203330

Crude Oil: Flirts With US$70 After OPEC+ Surprise OPEC+ extended the cuts through April, aside from a slight increase allowed for Russia and Kazakhstan, due to seasonal consumption patterns. Even Saudi Arabia decided to keep its 1 mb/d of voluntary cuts in place. The surprise news led to a price surge. “One of the reasons the market is continuing to react positively today could be that OPEC’s own balances suggest very steep draws,” Rystad Energy said in a statement.

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