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OPEC to SauRuPec?

Posted on June 4, 2018

Last few weeks as Brent touched $80/bbl, consumers are starting to get genuinely concerned about inflationary pressures building in the US economy. Gasoline prices averaging closer to $3/gallon at the pump with implications for US consumer demand going into the key summer driving season this year. Pressure from US is mounting for OPEC to take their foot off the pedal and let the barrels flow freely. OPEC took 1.2-1.8mln bpd out of the market in...

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