Successful OPEC output deal fits a pattern

Successful OPEC output deal fits a pattern
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21.05.2020

MOSCOW (MRC) -- Saudi Arabia and its allies in the expanded OPEC+ group of oil-exporting nations have successfully engineered a prospective deficit in the oil market, boosting spot prices and calendar spreads over the last four weeks, said Reuters.Front-month Brent futures prices have risen by more than USD15 per barrel (80%) since the second trimester of April, while the six-month calend

Full article at mrcplast.com

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