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OPEC’s strategy behind oil production cuts is not what you think Add to ...

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On May 18, Merrill Lynch commodity strategist Francisco Blanch reiterated his theory that OPEC’s production cuts were not, as popularly believed, designed to raise the price of oil. Mr. Blanch argues that the Organization of Petroleum Exporting Countries is instead trying to reshape the oil futures curve, which is a far more complicated and interesting thing.

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