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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (110378)	7/16/2021 1:38:25 PM
From: Goose94	Read Replies (1) of 203432

Crude Oil: WTI Uncertainty Has Overtaken Markets Once Again The baseline amendment agreement between Saudi Arabia and the UAE foreshadowed a familiar path forward for the oil markets, at the same time the lack of detail on how exactly major OPEC+ producers would bring back production maintains a hefty level of uncertainty. Meanwhile, weak demand numbers from the US have cast doubts upon the health of gasoline demand amidst peak driving season. OPEC foresees a return to pre-pandemic demand levels in 2022, with the annual average reaching 99.86mbpd next year on the back of improved containment of COVID-19, 3.4% higher year-on-year.

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