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OPEC, Russia extend record oil cuts to end of July

  
CommoditiesJun 06, 2020 02:30PM ET

Beer commented on this article:

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Beer Time
Beer Time Jun 06, 2020 5:55PM ET
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Quote on investing: Prices can be expected to be strong from Monday, keeping their $40 plus levels," said Bjornar Tonhaugen from Rystad Energy. Saudi Arabia, OPEC's de facto leader, and Russia have to perform a balancing act of pushing up oil prices to meet their budget needs while not driving them much above $50 a barrel to avoid encouraging a resurgence of rival U.S. shale production.
Taylor Huddlestun
Taylor Huddlestun Jun 06, 2020 5:55PM ET
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US won't care. They have already started restarting production. I won't be surprised to see the rig count start moving up this week.
Beer Time
Beer Time Jun 06, 2020 5:55PM ET
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159148075595663.jpg
159148075595663.jpg Target 49
Matt Novakovich
Matt Novakovich Jun 06, 2020 5:55PM ET
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Russia hates the US so bad that they want less money so we'll have less money too?
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