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OPEC+ leaves its quotas unchanged
OPEC+ leaves its quotas unchanged

OPEC+ leaves its quotas unchanged

At the OPEC+ Ministerial Meeting on Sunday, member-states decided to leave existing oil production quotas unchanged. Rumours that the cartel would increase production volume that would put serious pressure on oil prices did not prove true. On Sunday, several cities in China decided to loosen anti-COVID restrictions, which whet investors' risk appetites. Oil prices are likely to rise.

BRN Crude Oil

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