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MM006: Oil surges as OPEC+ hold firm
Published 5 years ago
Description
In this week's episode, Piers and I review the latest decision from OPEC+ where the cartel opted to not relax supply curbs even as the global economy pulls out of its pandemic-driven slump, confounding widespread expectations the group would loosen the taps. We investigate the reasons behind the decision and how the Saudi strategy brings back memories of 2014/15. Also, under discussion is the latest US jobs report and next week's ECB meeting.
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