This Could Put an End to the Oil Price War

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Oil prices are pushing higher – and there’s hope it will last.

All on hopes the Russia-Saudi price war may be nearing an end.

“With all the speculation and skepticism about the ability of OPEC+ and the U.S. to agree on production cuts ahead of this week’s OPEC and G-20 oil ministers’ meetings, there is a feeling we might see some cuts purely out of necessity as storage capacity fills up,” said Michael Hewson, chief market analyst at CMC Markets UK, as quoted by MarketWatch.

We’ll know m...

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