The Cartel Victory

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Well, OPEC day is here, and it looks like a deal announcement is at hand. Crude oil is rallying (and energy stocks are strong), so R.I.P. to my energy shorts. I will note, with mild interest, that in spite of this huge news coming out of Vienna, so far crude hasn’t even exceeded the horizontal I drew weeks ago. We’ll see if the actual announcement renders this line moot.

1130-cl

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