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Oil prices and US$: do not expect the usual linkage

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The April 18 failure of Opec (Organization of the Petroleum Exporting Countries) and non-Opec countries to reach a deal in Doha on a freeze or a decline in oil production quotas led to an immediate sell-off in the oil market, which quickly reverted towards a confirmation of the earlier trend change seen in February 2016.

THE April 18 failure of Opec (Organization of the Petroleum Exporting Countries) and non-Opec countries to reach a deal in Doha on a freeze or a decline in oil production quotas led to an immediate sell-off in the oil market, which quickly reverted towards a confirmation of the earlier trend

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