Saudi's surprise output cut to lift Brent to $60/bbl by mid-year - UBS - Finance & Business News, Stock Market updates & Reviews | Themarkettrendz

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Thursday, 7 January 2021

Saudi's surprise output cut to lift Brent to $60/bbl by mid-year - UBS

With Saudi Arabia's move, OPEC's production increase of 0.5 million barrels per day (bpd) for January is reversed in full, which will result in a tighter oil market in the first half of the year, analysts at the Swiss bank wrote in a note.

from Commodities-Markets-Economic Times
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