bullish

The Commodity Report #72

151 Views11 Oct 2022 01:10
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SUMMARY
  • The group announced to cut its output limits of as much as 2 million barrels a day, using current targets as a starting point.
  • While a significant reduction, the impact on global supply will be much smaller because several countries are already pumping below their quotas.
  • Most analysts expect that the real supply cut will be around 700 to 800 bpd.
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