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Wednesday, June 19, 2024

OPEC+ Says Goodbye to Its $100-a-Barrel Oil Quest

After relentlessly pursuing $100-a-barrel oil, the OPEC+ cartel has all but thrown in the towel. Whether the U-turn is a tactical retreat, or a strategic shift, is still unclear. But for now its impact would be the same: Oil prices would be somewhat lower and global inflation would ease. Over the …

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