OPEC+ Agrees to Make Token Supply Cut to Steady Oil Market

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OPEC+ Agrees to Make Token Supply Cut to Steady Oil Market

Bloomberg2022-09-05

OPEC+ agreed to make a token oil supply cut for October, seeking to stabilize global markets after a faltering economic backdrop triggered the longest price rout in two years.The group will reduce ...

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boonhong21
·2022-09-06
Ok
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boonhong21
·2022-09-06
Ok
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Looyusooi
·2022-09-06
Ok
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miker9110
·2022-09-06
Up p
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PearlynCSY
·2022-09-06
Oil prices jumped more than $1 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to tweak production and support prices at a meeting later in the day.Brent crude futures rose $1.43, or 1.5%, to $94.45 a barrel by 0054 GMT after gaining 0.7% on Friday. U.S. West Texas Intermediate crude was at $88.12 a barrel, up $1.25, or 1.4%, following a 0.3% advance in the previous session. U.S. markets are closed for a public holiday on Monday.Oil prices have fallen in the past three consecutive months, after touching multi-year highs in March, on concerns that interest rate hikes and Covid-19 curbs in parts of China, the world’s top crude importer, may slow global economic growth and cool oil demand.At their meeting later on Monday, the Organization of the Petrole
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- Muppy:
  pearl
  2022-09-06
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- shawnpam:
  b
  2022-09-06
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- Investforget:
  K
  2022-09-06
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carroll
·2022-09-05
halo
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carroll
·2022-09-05
halo
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- carroll:
  hey
  2022-09-05
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LJ
·2022-09-05
Long oil
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Kenny77
·2022-09-05
Oh no
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bobotrader
·2022-09-05
Nice
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U.S. markets are closed for a public holiday on Monday.Oil prices have fallen in the past three consecutive months, after touching multi-year highs in March, on concerns that interest rate hikes and Covid-19 curbs in parts of China, the world’s top crude importer, may slow global economic growth and cool oil demand.At their meeting later on Monday, the Organization of the Petrole","text":"Oil prices jumped more than $1 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to tweak production and support prices at a meeting later in the day.Brent crude futures rose $1.43, or 1.5%, to $94.45 a barrel by 0054 GMT after gaining 0.7% on Friday. U.S. West Texas Intermediate crude was at $88.12 a barrel, up $1.25, or 1.4%, following a 0.3% advance in the previous session. U.S. markets are closed for a public holiday on Monday.Oil prices have fallen in the past three consecutive months, after touching multi-year highs in March, on concerns that interest rate hikes and Covid-19 curbs in parts of China, the world’s top crude importer, may slow global economic growth and cool oil demand.At their meeting later on Monday, the Organization of the 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class=\"s1\">K</span>"},{"id":103788331,"gmtCreate":1662429271970,"gmtModify":1663258291231,"authorId":3577155557096750,"author":{"id":3577155557096750,"idStr":"3577155557096750","authorId":3577155557096750,"name":"shawnpam","avatar":"https://static.tigerbbs.com/26cbd3513e6ae4f1d03316625c11d6ac","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9931377613,"type":1,"supId":0,"prevId":0,"content":"<u>c</u>","text":"<u>c</u>","html":"<u>c</u>"},{"id":103788557,"gmtCreate":1662429725596,"gmtModify":1663258291147,"authorId":3572055809988252,"author":{"id":3572055809988252,"idStr":"3572055809988252","authorId":3572055809988252,"name":"Woobenny","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9931377613,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Expecting it to move higher this month 😅</span>","text":"<span 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