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The Role of Saudi Arabia in the Oil Cut
Nine members of OPEC announced a voluntary output cut of 1.2 million barrels of oil from May to the end of the year. Goldman Sachs has raised its forecast for Brent crude by December 2023 to go up to $95 per barrel. The move is going to bring more economic strain for the West, but it's likely to stay higher for longer as a result.
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