Weekly Fundamentals- OPEC's Deal to Result in Shuffle of Market Dominance

Energy prices were mixed last week. Bullishness arisen from the surprising withdrawal of US crude oil inventory was partly offset by rising concerns over implementation of OPEC's proposed output cut. While both crude oil benchmark managed to close above US$50/bbl for the week, the front-month WTI crude oil contract added +0.99% while the Brent contract was down -0.33%.

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Weekly Fundamentals- OPEC's Deal to Result in Shuffle of Market Dominance