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Monday, February 10, 2020

OPEC+ Unlikely to Meet Soon

According to Bloomberg, OPEC+ is unlikely to meet soon, as previously stated, in response to the coronavirus. Oil prices have gone down since the outbreak, and with no agreement in sight, oil may go farther below due to an excessively abundant supply. Previously, Russia showed interest on meeting to regulate the prices, but that won't happen soon. This prompts the possibility of lower oil prices for at least a month.

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