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Daily Archives: October 17, 2016

OPEC Production Reduction: Why we don’t expect a Deal in November

Daily Chart, Email, Market InsiderBy Bill MathewsOctober 17, 2016Leave a comment

It’s one of the biggest stories in the world. After dipping to a low of $39.26 in August, oil rallied to a recent high of $51.19, on hopes that OPEC and non-OPEC producers can come to an agreement to curb oil production at its November 2016 meeting. Even Russian President Vladimir Putin has said the…

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