Red Sea Crisis and OPEC+ Cuts Support Oil Prices
Oil
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Article by:
Tsvetana Paraskova - OilPrice
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Date Published:
February 26, 2024
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Who was cited:
FGE
Brent Crude prices have held above $80 per barrel for most of February, with signs pointing to a tightening in the physical market as OPEC+ production cuts continue and the rerouting of cargoes away from the Red Sea and the Suez Canal drags on.
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