Weekly Market Drivers: Forecast for OPEC total production is revised down to 29.12 mbbl/d

Highlights Brent closed at $58.37, down by $2.67 w/w while WTI closed at $52.81, down by $3.1 w/w Saudi Aramco raises its Arab Light OSP to multi-year high premiums Prices expected to move towards equilibrium over the next week Ecuador announces its decision to withdraw from OPEC  Our forecast for…

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Categories: Oil, YA