(Bloomberg) — OPEC+ responded to months of diplomatic efforts from US President Joe Biden with one of the smallest oil production increases in its history.
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BRENT CRUDE OIL (LCOc1) ANALYSISBackwardation points to elevated prices.Recession woes may be declining. OPEC+ output levels.BRENT CRUDE OIL FUNDAMENTAL BACKDROPBrent crude oil conditions remain tight despite the recent price slump. If we look...
