What decision could OPEC and its allies potentially make as we witness an economic slowdown in China, the world’s top importer of crude oil? Energy Market UpdatesCommercial crude oil reserves in the United States unexpectedly rose in the week ended April 29, according to figures released Wednesday by the US Energy Information Administration (EIA). Q1 2022 hedge fund letters, conferences and more US crude inventories have increased by more than 1.3 million barrels, which implies lower demand and could potentially count as a bearish factor for crude oil prices. This comes in addition to the US F…

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