OPEC+ will try to 'play it nice' with Trump: JBC Vienna
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OPEC+ is expected to approach its upcoming meeting with a strategy to maintain favorable relations with the Trump administration, according to Johannes Benigni of JBC Vienna. This could influence oil markets and related ETFs.
February 03, 2025 | 4:45 am
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The United States Brent Oil Fund (BNO) may experience volatility as OPEC+ aims to maintain favorable relations with the Trump administration, potentially affecting oil prices.
OPEC+'s strategy to maintain good relations with the Trump administration could influence oil prices. As BNO tracks Brent oil prices, any changes in OPEC+ policies or oil market dynamics could lead to price fluctuations in BNO.
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RELEVANCE 50