Home Russia wants to avoid cutting its oil output – Reuters

Russia wants to avoid cutting its oil output – Reuters

Published date: 15 Nov. 2018 | 14:18

Citing sources familiar with the matter, Reuters recently reported that Russia wanted to avoid cutting its oil output as part of a joint move in OPEC. The initial market reaction to this news forced the barrel of West Texas Intermediate to pull away from its daily highs. As of writing, WTI was trading at $56.35, adding 0.7% on the day.

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