Weekly fundamentals - OPEC Members Ramp Up Production ahead of Output Cut Begins

Although USD gathered momentum and rose further after the FOMC meeting, crude oil prices resumed recent rally with both benchmarks settled above US$50/bbl. The front-month Brent crude contract has sustainably closed at around mid-50 levels over the past 3 weeks.

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Weekly fundamentals - OPEC Members Ramp Up Production ahead of Output Cut Begins