One of the first moves of new United States President Donald Trump will be to try to reinvigorate US oil, gas and coal production. A recovery in oil and gas production is already under way following OPEC’s decision to cut production with non-OPEC support, which helped boost prices. The level of compliance has been impressive, and the cartel will discuss whether to extend the cuts when it meets in Vienna in June. Oil prices may also be supported by potential weakness in the dollar.
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