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WTI tumbles after OPEC disappoints

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 17, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Oil prices swung violently before noticeably declining during trading on Tuesday following the disappointing production freeze agreement between top oil exporters Russia and Saudi Arabia which left investors empty handed. Not only has production been frozen at January 2016 record levels, which will have a minuscule impact on the excessive oversupply, the meaningless freeze is only valid on the premise of other producers joining in.While Russia and Saudi Arabia may be commended for their

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