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OPEC continues cut and Oil prices plummet as dollar strengthens category
March 12, 2018
Source: World Oil

OPEC continues cut and Oil prices plummet as dollar strengthens

In the midst of heightened supply in the US and strengthening dollar, oil has hit its lowest level in three weeks. Against this backdrop, OPEC continues to trim output and it is expected that the organization will do all that it takes to preserve oil market stability. The enhanced dollar strength will push crude lower and for certain, will act as a headwind for oil.

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