RBC's Helima Croft: Russia stands to gain from OPEC oil output increase
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Helima Croft from RBC Capital Markets discusses the potential benefits for Russia from the OPEC+ decision to increase oil output. This move could lead to lower oil prices, impacting the energy trade.
March 04, 2025 | 8:45 pm
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The OPEC+ decision to increase oil output could lead to lower oil prices, impacting the United States Brent Oil Fund (BNO) as it tracks Brent crude oil prices.
BNO is directly affected by changes in Brent crude oil prices. An increase in OPEC+ oil output is likely to lead to a decrease in oil prices, negatively impacting BNO's value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80