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Saudi Arabia is expected to announce next week that its extending its crude oil output cut

Via the most recent Bloomberg survey of oil analysts, 20 of 25 expect that Saudi Arabia its current current 1 million-barrel oil output cutback for at least one more month.Bloomberg add that several delegates from the Organization of Petroleum Exporting Countries and its allies privately predicted the same outcome. "I don't think they're ready to ease up yet — there's lots of macroeconomic uncertainty and especially China angst out there still,""If they ease up too early, speculative shorts cou... Read More

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Posted: Aug 30 2023, 22:31

Author Name: forexlive

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