WTI oil prices fell below 76.50 for a time, in overnight trading, as the downward price pressure on OPEC increases. Iraq is the latest country to demur on the topic of cutting back on oil output. Taking a page from Saudi Arabia’s playbook, the Iraqi’s have lowered their oil price to the US. The UAE oil minister has taken the group’s collective denial to a new level, saying that the market fundamentals have not, in fact changed…
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