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Opec's surprise announcement in Algiers on September 28 to support oil markets by the first cut to production in eight years helped trigger a 15% rally and the biggest in speculative buying on record. Verbal intervention however is no longer enough when action has been promised and as a result oil is back under pressure as Opec struggle to reach consensus.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/opec-indecision-forcing-traders-out-of-extended-long-positions-8176166?utm_medium=tf4-feed&utm_source=extract
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