Hack-Hook
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show there was over production before this . good they realise it and moved to compensate that otherwise again in several month the price would have fallen below 30 like several year agoOil market has absorbed surprise production cut by OPEC+
Oil prices have fallen back after a brief spike triggered by the surprise production cuts announced by Saudi Arabia and other members of OPEC+ on April 2.www.reuters.com
A funny read.
Saudi and OPEC + (that included Russia) had announced another oil production cut back a month ago, and the market actually absorbed that tbh quite serious 1 million barrel a day cut, Russia expected the oil price to go above $100 but instead it has fallen to <$80 and mostly flutrated between $78-$81the entire April
Crude Oil Price Today | WTI OIL PRICE CHART | OIL PRICE PER BARREL | Markets Insider
Oil Price: Get all information on the Price of Oil including News, Charts and Realtime Quotes.markets.businessinsider.com
That show two things.
1.) Saudi and OPEC no longer have strong sway on oil price
2.) Big buyer is saturated, they can no longer affect oil market, which almost certainly mean China and India is either stop buying or close to stop, otherwise the oil price would have jacked up......
foreign mercenaries never ever protected in human history by any law or treatyAnd these animals have the nerve to call others Nazis.
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