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Crude falls as OPEC/non-OPEC nations struggle to agree

Posted on: April 18, 2016

So, how about that Doha eh? WTI tumbled over a dollar on Friday to settle at $40.36, and is down almost another $2 this morning. The reason? Saudi Arabia refuses to commit to a production freeze without Iran, and Iran has no interest in complying. It's almost like you could have predicted that two countries that dislike one another would have a tough time solving a Prisoner's dilemma.

The bulls will now be forced to search for a new form of optimism as we begin a new week of trading.


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