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Why OPEC+ will have a hard time surprising the oil market this weekend

A meeting by major oil producers on Sunday will lack the element of surprise, two months after an unexpected decision to implement deeper production cuts led to a temporary rally in U.S. prices to their highest level of the year.

June 4 marks the first official OPEC+ meeting since December, and it comes at a time of heightened tensions between Saudi Arabia and Russia, among the world’s largest oil producers.

It…

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