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The International Monetary Fund expects OPEC and its partners to start increasing oil output gradually from July, a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing economies next year. “We are assuming the full reversal of cuts is happening at the beginning of 2025,” Amine Mati, the lender’s mission chief to ...
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Main scenario: consider long positions from corrections above the level of 80.60 with a target of 94.00 – 100.00. Alternative scenario: breakout and consolidation below the level of 80.60 will allow the asset to continue declining to the levels of 76.50 – 71.00. Analysis: supposedly, a downward correction is completed as second wave of larger degree (2) on ...