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by Chris Becker
The two day OPEC meeting has come and gone with nary an impact on the oil price with the WTI contract remaining relatively stable overnight just below $50USD per barrel and Brent crude steady just above $52 per barrel. Oil has been stable for over a week after a bear market rally that saw WTI crude nearly hitting the previous low near $40:
So what actually happened and why haven’t we seen a big breakout in the sweet black tea?
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