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Oil Prices Rise As Saudi Arabia Keeps OPEC Members In Check

April 22, 2021 by

 The positive price movement can be attributed largely to OPEC’s strong chatter after today’s meeting, in which Saudi Arabia chastised noncompliant members for trying to fool the market with overproduction, and gave the laggards until December to make up for any overproduction thus far. Saudi Arabia also warned speculators not to bet against OPEC.

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