Soon into the $50ies/b unless OPEC+ flips to production cuts
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Soon into the $50ies/b unless OPEC+ flips to production cuts

Brent crude fell 3.

8% yesterday to $62. 71/b.

With that Brent has eradicated most of the gains it got when the US announced sanctions related to oil sales by Rosneft and Lukeoil on 22 October.

Just before that it traded around $61/b and briefly touched $60.

07/b.

The US sanctions then distorted the reality of a global market.

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