OIL.WTI erased early losses after Eurasia Group informed that OPEC+ will 'seriously consider' an output cut next week, however these are only unconfirmed speculation at the time being.
"Given overall market conditions, OPEC+ will seriously consider a new production cut at its upcoming meeting, particularly if crude prices fall much below their current level in the next week,” analysts at Eurasia Group wrote in report.
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OIL.WTI managed to climb above $76.20 level. Source: xStation5
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