Will Additional Output Cuts from the US Stabilize the Oil Market?

• Prices to become normal if OPEC+ members announce early production cuts. 
• A plus is escalation of military activity in the Middle East. 
• The real plus would be if U.S. producers announce output cuts. 
•  This news could trigger a steep short-covering rally.

James Hyerczyk writes for Fxempire about the current oil price and forecasts the pros and cons in the oil market. He also highlights the role of U.S in output cuts. 

U.S. West Texas Intermediate and...

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