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This week has kicked off with a new precedent. It isn’t the volatile performance of stocks, bonds, or currencies that are grabbing all the attention, but the moves in oil prices. US crude has tested levels below $20 for the first time in more than 17 years, with traders continuing to bet that the combination of widespread lockdowns across the globe and the breakdown of OPEC+ will continue to weigh on prices. It is widely believed that the oil surplus will reach 25 million barrels a day by April, a level that could even make it difficult to find storage for this excess supply. While... Read More
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