OPEC+ Unity Will Be Tested As Market Share Shrinks
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OPEC+ is expected to face challenges in 2025 as non-OPEC+ producers continue to gain market share, potentially impacting the global oil market dynamics.
November 12, 2024 | 7:45 pm
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The United States Brent Oil Fund (BNO) may experience volatility as OPEC+ faces challenges from non-OPEC+ producers gaining market share, potentially affecting oil prices.
BNO, as an ETF tracking Brent oil prices, could be impacted by changes in market dynamics due to OPEC+ challenges. However, the direct impact on BNO is uncertain as it depends on how these dynamics affect oil prices.
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