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Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics /
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2024-06-02 18:03:00

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics on Nostr: OPEC+ Extends Production Cuts Through 2025 to Support Weaker Crude Prices ...

OPEC+ Extends Production Cuts Through 2025 to Support Weaker Crude Prices
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#12d86ea3 ver:2.69

#OPEC+ extends production cuts through 2025 to support weaker crude prices. Saudi Arabia and allied countries will maintain output levels, including collective cuts of 2 million barrels per day. The move aims to boost oil prices, fund Saudi Arabia's economic diversification, and aid Russia's stability amid the Ukraine conflict. However, uncertainty about future demand remains. #OilPrices #EnergyMarket...

#newstr #Opec+ #ProductionCuts #CrudePrices #SaudiArabia #Russia

https://here.news/story/12d86ea3?ver=2.69
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