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All eyes on OPEC

OIL might have recovered to a three-year high in recent days, but OPEC shows no sign of backing off of its output cuts despite US production rising to levels not seen since the early 1970s.

All eyes on OPEC

While OPEC and Russia extended the caps in November with oil rising to US$70/bbl, there is fresh impetus to US drillers to get out and frac and oil produces must be wondering about their market share....

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