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WTI Bears Squeeze Below $40 After OPEC Decision

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Dec 7, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    WTI Oil prices plummeted below $40 at the end of the week following OPEC's decision to keep production levels unchanged during their latest meeting in Vienna. Any optimism over a possible production cut diminished rapidly when the group failed to agree on a production ceiling, leaving current production at 31.5M[​IMG]

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