June 2023 So Far, Bitcoin Wrap-up Part 1 - Live E350
Bitcoin & Markets
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OPEC's Unilateral Production Cut Could Lead to Higher Oil Prices in the Near Term
OPEC has announced they will cut production unilaterally. This reeks of desperation and panic in my opinion, says CNN's John Defterios. WTI crude did open higher right on the 50 day moving average and has since faded. There is a possibility this leads to higher oil prices in the near term, but I'm skeptical.
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