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OPEC+ cuts output
Good Morning, never forget, MONDAY SETS THE TONE FOR THE REST OF YOUR WEEK! Short week that is, because Friday the markets are closed! Don’t forget, you can make money when a stock goes down!
Look, I know you’re still getting accustomed to this, but since its a Monday, you get a Weekly Catalyst Calendar down below. You can download the image to your phone so that the market does not catch you by surprise! This is The One Pager, where we eliminate all the extra noise in the markets.
Here’s what we have for you today:
OPEC cuts output
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Top tweets
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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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
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FINLAND TO BECOME NATO MEMBER OFFICIALLY BY TUESDAY
TOP 4 Stocks to trade this week
Here are some interesting tweets
Russia extended until the end of 2023 the decision to reduce oil production by 500 thousand barrels per day.
OPEC and other countries (Saudi Arabia, UAE, Iraq, Kuwait, Oman and Algeria) have also said they will cut production before the end of the year.
— Spriter (@Spriter99880)
7:23 PM • Apr 2, 2023
*US OIL SURGES 6% IN ASIA AFTER OPEC+’S SURPRISE OUTPUT CUT
— GURGAVIN (@gurgavin)
10:02 PM • Apr 2, 2023
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Cheers!