06
Apr
19:25
Market reacts to OPEC+ production cut announcement
To preserve the price of crude oil, OPEC+ announced it would be cutting production. According to a Bank of America Global Research analysis, the decision was made for two primary reasons - firstly, to act as an offset to demand risks as a result of the banking crisis, and secondly to discourage speculation against the oil market, Kallanish understands.
“OPEC has all the power right now, largely because they have what every nation needs—oil. When a mono…
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Anonymous
Very good overview of the weekly steel market.
Anonymous