Wednesday 30 November 2016

Expect to see no action from today's OPEC meet

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Ahead of the Organization of the Petroleum Exporting Countries (OPEC) meet scheduled later for today, David Lennox of Fat Prophets said that he does not see any action coming out of this meeting. Post the meeting there could be a knee-jerk reaction by the market and the prices can see a downside for Brent of about USD 40 per barrel and on the upside ohe said.
f about USD 55 per barrel, 

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