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Crude Oil’s Market Structure Supports $50

May 26, 2017

OPEC met on Thursday, May 25 and announced an extension of the production cut for the next nine months and into 2018. In my latest article for Seeking Alpha, I explain why market structure continues to point to a $50 pivot point for the energy commodity even though the price dropped like a stone after the cartel’s latest announcement.

Article: Crude Oil’s Market Structure Supports $50 

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