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The price of Brent oil broke the key resistance level of 84.00 and started an uptrend. The asset’s price rebounded to the crossing point of these trendlines and formed a long black candle at the end of the trading week to make up for the prior pullback. The price of oil is likely to drop at the beginning of next week. So, let’s observe whether this scenario ...
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Opec quota discussions can be challenging at the best of times — and the cause for lengthy negotiations among producers. Opec-plus’ planned discussions later this year on adjusting existing production baselines, which serve as a benchmark for the group's supply cuts, have brought the issue to the fore again, with some members beginning to position ...