OPEC members need to send the price of oil higher, some not at breakeven yet

  
Analysis, Forex

That’s according to RBC Capital Markets, they reckon oil is “still below the fiscal breakeven level in a number of OPEC countries”

Looking ahead to the June meeting on OPEC:
  • Saudi Arabia will lead OPEC to extend the production cut deal “for the duration of 2019”
  • Adds that Russia a reluctant partner in the supply cuts, bt will agree to continuing the arrangement
That's according to RBC Capital Markets, they reckon oil is "still below the fiscal breakeven level in a number of OPEC countries"
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