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- OPEC+ said to stick with plan for modest hike in output – Bloomberg
OPEC+ said to stick with plan for modest hike in output – Bloomberg
The delegates of OPEC and its allies (OPEC+) are likely to adhere to its plan of a modest hike in oil output, Bloomberg reports, citing sources with knowledge of the matter.
This comes as markets expect the Ukraine crisis to have a limited impact on the oil and gas flows.
- Energy flows unlikely to be significantly impacted from Russia-Ukraine crisis – Goldman Sachs
Market reaction
WTI is extending the previous rebound above $85.50, adding 0.52% on the day.
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