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Oil Glut Reduces Price-Shock

Oil futures wobbled on Monday after the U.S. ousted President Nicolás Maduro of Venezuela, a major crude-producing country. One reason for the muted move is that the market is awash with enough crude to absorb potential short-term supply disruption. That is partly due to efforts by the Organization of the Petroleum Exporting Countries and its allies to control prices by curbing production.Oil Glut has significaantly Reduces Price-Shock Risk From Trump’s Foreign Policy. Do you think that Trump foreign policy is a world shock ?

 

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