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Everything as expected at the end of today’s OPEC + meeting. Respecting expectations, the cartel of producers plus allies, including Russia, has maintained its current line: it has in fact confirmed its program of gradual increase in crude oil production by 400,000 barrels per day more in April.
The official statement reads: “The current volatility is not caused by changes in market fundamentals but by current geopolitical developments”. The next meeting is scheduled for next March 31st.
See also Piazza Affari, worst in Europe: Ftse Mib well under 23 thousand points, still sales for Tim