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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (29691)	5/25/2017 7:36:08 AM
From: Goose94	Read Replies (1) of 203627

Crude Oil: Spare me the drama. OPEC Meeting. We could find out today whether Saudi Arabia really will do "whatever it takes" to stabilize the market. OPEC is meeting in Vienna, with the cartel's coordinated production cuts likely at the top of the agenda. Expectation is that, at minimum, there will be an agreement to extend the output curtailment for another nine months, with some whispers it could be for a full year. WTI futures reached US$52 per barrel in early trading today, the highest level since April 19. Closing news conference in Vienna is slated for 11:00 a.m. ET. Will be interesting if reporters ask any questions about U.S. President Donald Trump’s plan to halve his country’s Strategic Petroleum Reserve.

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