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Wednesday, November 30, 2016
OPEC cuts oil production!
It seems the mass media just can't get it right. First they were wrong about the Brexit vote (Leave!), then the presidential election (Trump!), and now OPEC's decision to cut (Cut!). At one point today Brent Crude futures were trading over 10% on OPEC's decision to cut production by about 1.2 million BPD. This was OPEC's first cut since 2008.