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Saturday, June 06, 2020 11:12:07 AM
Brent Crude Oil hit $42.38 a barrel on Friday...
An OPEC delegate says OPEC and its allies are "most likely" to agree on a one-month output cut extension. Bloomberg is also separately reporting on the one-month extension.
OPEC+ previously agreed to cut supply by a record 9.7M barrels per day during the May to June period in an effort to support prices.
Oil/Energy stocks are rebounding with vigor.
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