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Oil may hit $40 if Russia doesn't support Opec's production cuts

Oil may hit $40 if Russia doesn't support Opec's production cuts

Wednesday, February 26, 2020, 8:41 AM

In a volatile trading last week, crude oil prices touched one-month high and then fell back as coronavirus fears were back in the markets, with infection and death tolls rising in South Korea, Italy and the Middle East. Traders will be focussing on the Opec+ decision and the size of supply cuts to bring stability back to the market.
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