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A shift to surplus will likely drive Brent towards the 60-line and the high 50ies

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Publicerad: 23 May 09:40

Brent sinks lower as OPEC+ looks likely to lift production in July by another 400 kb/d.

Brent crude declined 0. 7% yesterday to USD 64.

44/b and traded in a range of USD 63.

54 – 65.

03/b.

This morning Brent is down another 0.

7% to USD 64/b along with expectations that OPEC+ will lift its production quota by another.

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A shift to surplus will likely drive Brent towards the 60-line and the high 50ies

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