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JP Morgan: If OPEC doesn’t maintain its cuts, oil could stay lower for longer

JP Morgan: If OPEC doesn’t maintain its cuts, oil could stay lower for longer

If OPEC does not cut out­put by 1.2 mil­lion bar­rels a day for all of 2019, over­sup­ply could push inter­na­tion­al bench­mark Brent toward lev­els near $55 a bar­rel, accord­ing to J.P. Morgan’s Scott Dar­ling.
Source: CNBC RSS

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