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The OPEC+ cuts consist of a voluntary reduction of 1.157 million barrels per day which will take effect in May. Additionally, Russia is extending its reduction of 500,000 barrels per day for the ...
WTI and Brent crude oil are now trading below levels seen in December when OPEC and its allies announced an increase and extension of production cuts.
Crude oil markets have fallen during most of the week, only to turn around and find plenty of support.
Crude oil markets fell hard during the trading session on Thursday again, as we continue to see a lot of noise overall.
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Crude oil markets have gotten slammed during the trading week to reach the bottom of the triangle, only to turn around and show signs of life as we are closing towards the top of the same triangle.
For premium support please call: 800-290-4726 more ways to reach us
For premium support please call: 800-290-4726 more ways to reach us