6:00 PM · 31 May 2022

BREAKING: OPEC considering exempting Russia from production cut agreement!

A very interesting piece of news is coming to market that has oil trading at a loss today. Some OPEC countries are considering exempting Russia from the production cut/supply restoration agreement. Such a move would give room for Saudi Arabia or the UAE to produce more oil. However, this information is not confirmed by OPEC (this information is given by WSJ).

Oil immediately loses over USD 1.5 per barrel. Source: xStation5

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