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OPEC+ cuts output

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Here’s what we have for you today:

  • OPEC cuts output

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OPEC+ CUTS OIL OUTPUT

In a stunning move, OPEC+ has announced that it will reduce oil output for the remainder of the year, sending shockwaves through the energy sector; it will undoubtedly have significant effects on the industry and the US dollar.

With less oil supply, we may see a rise in oil prices, which could lead to inflation in other sector. However, fear not, dear reader - this may be the perfect opportunity to monetize off this move as a trader!

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Catalyst Calendar

Index Levels for the Week

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Catalysts

  • US journalist Evan Gershkovich, held in Russia, appeals detention:

  • MANY OPEC+ COUNTRIES PLAN TO REDUCE OIL PRODUCTION FOR REMAINDER OF THE YEAR ($XOP $OXY $XOM)

  • OPEC+ PANEL SAYS VOLUNTARY OUTPUT CUTS AMOUNT TO 1.66M B/D

  • FORD MOTOR CO - ON PATH TO REACH ITS TARGETED ANNUAL PRODUCTION RUN RATE OF 600,000 EVS BY END OF 2023 AND MORE THAN 2 MLN BY END OF 2026

    $F

  • HOUSE SPEAKER MCCARTHY WILL HOST A MEETING WITH TAIWAN'S PRESIDENT ON WEDNESDAY IN CALIFORNIA ($TSM, $NVDA) 

  • FINLAND TO BECOME NATO MEMBER OFFICIALLY BY TUESDAY

TOP 4 Stocks to trade this week

Here are some interesting tweets

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