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Sunday, March 08, 2020 12:02:58 PM
Saw this article and thought it would be worth mentioning since it could and likely will reflect on the overall price of oil at least in the immediate and near term future. I imagine this is not a permanent move obviously and more so an attempt to correct market share and prices.
https://www.bloomberg.com/amp/news/articles/2020-03-07/saudis-plan-big-oil-output-hike-beginning-all-out-price-war?in_source=amp_trending_now_2
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