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OPEC+ 2024: The Shockwave Sent to U.S. Energy Stocks in...
7. Strategic Positioning: How Investors Can Capitalize on OPEC+ Dynamics Key Takeaways * The surprise OPEC+ production cut in early 2024 drove Brent crude to around $120 per barrel, the highest level since 2014. * High‑margin U.S. upstream producers outperformed the broader energy sector, while downstream firms faced margin compression.