The Outlook for Crude After Saudi Arabia's Production Cut?

The Saudis cut crude production by 1.1 million barrels in January, pushing prices above $55 per barrel. Now, industries from travel to transportation are waiting to see how vaccine rollouts impact price in the near future.

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Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

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