Russia and Opec may be congratulating themselves for talking up oil but its a well-known trick and has what is for now a perrmanent barrier at the $50/b area.
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/from-the-floor-oil-noise-cant-change-the-facts-7978441?utm_medium=tf4-feed&utm_source=extract
From the Floor: Oil noise can't change the facts
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