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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (110030)	7/13/2021 2:41:18 PM
From: Goose94	Read Replies (1) of 203432

Crude Oil: Despite Russia stepping up its efforts as a diplomatic intermediary, Saudi Aramco and the UAE are still far from finding common ground on the future of OPEC+ production cuts. In its current form, this month’s OPEC+ production quota would get rolled into the next month unchanged, leaving markets even tighter than originally expected. Growing uncertainty over the OPEC+ agreement and warnings from the IEA of another oil price war has caused volatility in oil markets to spike. Oil prices were up on Tuesday morning, however, with several analysts expecting Saudi Arabia to get its way eventually in its stand-off with the UAE.

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