Oil fears eased as Russia gives in to Opec pressure

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Concerns that oil production was spiralling up have been eased by Russia's decision to bow to Opec p...

Concerns that oil production was spiralling up have been eased by Russia's decision to bow to Opec pressure to cut its output. With oil prices having demonstrated a lot of volatility in the past three months, concern had been mounting that non-Opec companies would not cut production, says John Hatherly, head of global analysis at M&G. Fiona Stokes, investment manager Europe at Britannic Asset Management, shares his views. 'Over the past couple of weeks, there has been speculation that Russia would not comply as it has to cut back on exports,' she says. 'Opec has since cut its produc...

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