Category: Exports

The Markets Have Bought in to the OPEC-led Output Cuts

The Markets Have Bought in to the OPEC-led Output Cuts

After hitting a low of below $43/barrel in mid-2017, the oil price has risen inexorably to its highest level since 2015, according to the Financial Times. Rising some 35% since July, Brent crude hit over $67/barrel as hedge funds heap long positions despite the market, by most accounts, still being in surplus. OPEC’s alliance with […]

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