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Brent futures erased earlier losses on Friday amid reports that OPEC+ is set to hold an emergency virtual meeting on Monday to stabilise global markets. Most Asian stocks and currencies are still declining, with US stock futures also in the red at the time of writing. News of the OPEC+ meeting comes after President Trump suggested on Twitter that Saudi Arabia and Russia could lower crude supply to stem the decline in Oil prices.Crude prices are in need of a saviour, which must come by way of coordinated supply cuts by major producers, at least to put a firmer floor under prices. Even if... Read More
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