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opec to cut output if poo drops below $70

  1. 3,849 Posts.
    Reports OPEC will meet in Jan to cut output if POO falls below $70.

    Means you can effectively lock $70 min oil in for the mid term. Clearly they have every intention of honoring their threat of keeping the POO floor at $70 indefinitely.

    On that basis Crux (and Echuca) will get done.
 
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