Goldman And Others Sees Rising Odds Of Another OPEC+ Output Cut ...Middle East

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Goldman And Others Sees Rising Odds Of Another OPEC+ Output Cut
source : OILPRICE ( Middle East ) () 51
If it was Russia's intention to send oil tumbling after its oil minister last week said that OPEC+ has no intentions of cutting production, in the process inviting another round of shorts and bearish CTAs, well... mission accomplished: on Wednesday oil tumbled more than 3% following the latest dismal Chinese PMI data, and followed a 4.4% drop on Tuesday the black gold is now on pace for its worst month since November 2021. But the real driver behind the latest dump is the reversal of last week's speculation that an OPEC+ cut may be coming…

Hence then, the article about goldman and others sees rising odds of another opec output cut was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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