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OPEC’s Token Supply Boost Looks Astute as Oil Sentiment Sours

  • Price have dropped 5% this month on fears of a global slowdown
  • Druzhba pipeline halt shows need to conserve spare capacity
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Oil Still Set to Top $120 by Year-End: Energy Aspects

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OPEC’s latest supply increase seemed too small to satisfy anyone when it was unveiled last week, but it’s increasingly looking like the right call.