Oil falls in volatile trade as investors seek OPEC clarity

Oil falls in volatile trade as investors seek OPEC clarity
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12.07.2021

MOSCOW (MRC) -- Oil rose to USD75 a barrel, rebounding from steep losses a day earlier with support coming from a tight market in the short term after OPEC+ talks collapsed this week without a deal to boost supply, said Reuters.Underlining tightening conditions, U.S. crude inventories are expected to fall this week. The failure of OPEC+ talks on Monday means no output rise has been agreed

Full article at mrcplast.com

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