It is an amusing game that OPEC plays. When oil prices drop, a country or two makes rumblings about them all banding together to cut production. The markets celebrate, the price of oil rises, OPEC countries make tens of million more dollars before anyone realizes that no deal will happen, and the price drops down again. This has been going on since the price crash, and its amusing how much the markets still bite. This go around it is Iran with Russia making some slight lip service.
Oh silly day traders, when will you learn. Ignore what OPEC says, pay attention to what they do.
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