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CM - Oil markets rocked, prices roll, prompting firms to recalibrate - March 2020

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The oil, stock and capital markets are reacting to a price war launched by Saudi Arabia against Russia after the collapse of their three-year OPEC+ collaboration, which attempted to balance the markets. Though not a cartel member, Russia had considerable sway over OPEC policy, and the two parties failed to agree on more production cuts at a meeting last Friday in response to falling demand stemming from the worldwide coronavirus outbreak, which had already......
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