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Kuznetsov_Sergey
Oct 5, 2021 12:22 PM

XTI/USD Long

U.S. DOLLAR / WTI CRUDE OILICE

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OPEC + outside OPEC will discuss quotas today. The insiders on this are quite contradictory. The market expects an increase in production over the planned 400k bpd amid growing demand because of a shortage of natural gas in Europe and Asia. To resume negotiations, Iran, as a gesture of goodwill, wants the USA to unblock $10 billion, "closed" in American banks under the sanctions program since Trump days. There are no fundamental reasons for a downward correction yet.
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