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AMERICAS OIL: Oil Futures Lower as Market Looks to OPEC's Next Move: Dow Jones

AMERICAS OIL
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Oil Futures Lower as Market Looks to OPEC's Next Move: Dow Jones

  • Alex Hodes of StoneX says in a note, "crude found support this week from an expectation that OPEC+ will delay its production cut once again, in light of crude prices remaining below $80 a barrel.”
  • “The market will digest what OPEC's next move is and if they extend production cuts from April to May, we could see more support, but in the meantime, it looks like WTI is fading," he adds. 
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Oil Futures Lower as Market Looks to OPEC's Next Move: Dow Jones

  • Alex Hodes of StoneX says in a note, "crude found support this week from an expectation that OPEC+ will delay its production cut once again, in light of crude prices remaining below $80 a barrel.”
  • “The market will digest what OPEC's next move is and if they extend production cuts from April to May, we could see more support, but in the meantime, it looks like WTI is fading," he adds.