OPEC+ Efforts Have Been Evident In Supporting The Global Economy To Overcome Challenges Over The Past Years And Have Ensured Market Stability
Portfolio Pulse from Benzinga Newsdesk
OPEC+ has played a significant role in stabilizing the global economy and ensuring market stability through its efforts over the past years, according to Reuters.
January 03, 2024 | 2:43 pm
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The United States Oil Fund (USO) could see short-term price fluctuations due to OPEC+'s influence on oil market stability and global economic conditions.
While OPEC+ efforts to stabilize the market are generally positive for the oil industry, the direct short-term impact on USO is uncertain as it depends on various factors including global demand, geopolitical events, and OPEC+ future decisions.
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