Oil Prices Plunge After Russia Seeks Output Hike In February
Jan 4th 2021 11:26am EST
Oil Prices Plunge After Russia Seeks Output Hike In February Exaggerated by equity weakness, oil prices have plunged from hope-filled overnight exuberance as OPEC+ meets (virtually) and Russia proposes a 500k b/d output hike for February. WTI tested up near $50 overnight before plunging back below $47.50 on the Russia headlines… Bloomberg reports that the […]
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