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OPEC+ is celebrating the UAE disagreement didn't degenerate into a price-war but the costs are a big production increase anyway.
The most important question was not answered, that is how to maintain only +400K bpd per month through 2022 when baseline increases allow 1.6M in May 2022.
The USD has strong momentum and fundamentals right now while China and US yields are signaling slower global growth.
I find emerging market demand forecasts to be a particular problem for oil longs.