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>> No.49318355 [View]
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49318355

>>49318150
>Two OPEC+ sources said the group was working on making up for a drop in Russian oil output as Russia's production has fallen by about 1 million barrels per day (bpd) as a result of Western sanctions on Moscow over its invasion of Ukraine.
https://www.reuters.com/business/energy/opec-working-making-up-lower-russian-oil-output-2022-06-02/
>will increase 600,000 BPD
Not gonna cut it, plus OPEC will struggle to even meet that. And crude pumped on that news. Plus the EIA weekly report comes out at 10:30 today which could confirm the API report:
>Crude -1.181mm (-67k exp)
https://www.zerohedge.com/energy/wti-holds-days-low-after-crude-inventory-draw

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