Oil turns higher; no OPEC deal

Author: Jamie Coleman | Category: News

Oil is back in the black as the OPEC meeting breaks up with no deal on raising the quota.

Since Saudi Arabia has most of the spare capacity within OPEC, they could always increase production unilaterally, but they would never do that now, would they?

The dollar is easing on the OPEC headline…EUR/USD now is at 1.4625.

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