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Some within OPEC itself are wary of letting price go too high....

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  1. Nightmarez3k
    4,987 Posts.
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    28/05/18
    07:49
    Post #: 33329545
    Some within OPEC itself are wary of letting price go too high. Doing so stokes production growth from U.S. shale. Plus, oil prices surpassing $80 per barrel – and potentially moving up towards $100 – would start to cut into demand growth, which some oil-producing countries feel would be self-defeating.

    https://oilprice.com/Geopolitics/International/The-OPEC-Deal-Isnt-Dead-Yet.html
    STO Price at posting: $5.89 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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