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Oil could collapse into the $30s if OPEC doesn't keep its act together
When they meet in Kuwait Sunday, a handful of OPEC and other oil producers are expected to put a happy face on their production agreement, and they should point to the potential for extending the deal in May. That should help support oil prices, after the recent 10 percent plunge that temporarily took international benchmark Brent crude below the $50 level when investors began to doubt the deal earlier this month. Representatives of the five monitoring countries this weekend are expected to review where producers stand on compliance with the six-month agreement to remove 1.8 million barrels a day from the market. As ... (full story)
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- Mar 23, 2017 4:19pm Mar 23, 2017 4:19pm
- Tony112
- Joined Apr 2008 | Status: sometimes... news come unexpected | 2559 Comments | Online Now
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- Mar 23, 2017 5:34pm Mar 23, 2017 5:34pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
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- Mar 23, 2017 6:31pm Mar 23, 2017 6:31pm
- zz_zhang
- | Joined Oct 2008 | Status: Member | 67 Comments
trade safe