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The Overlooked Factor That Could Send Oil To $50

December 2, 2020 by

Currently, there are a myriad of dynamics at play in global oil markets for the Saudis to grapple with. First, they have to make a decision by next month whether or not to keep the second, and current OPEC+ production agreement to remove 1.2 million bpd of oil from markets in place or not. However, many of the factors currently affecting oil markets are out of Saudi control.

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