Crude Oil Prices: "Random"? Hardly.
Coaching Tip
DECEMBER 5, 2016
The more emotional the market, the more predictable it is. By Elliott Wave International. Last week's shocking spike in crude oil prices is +12% and counting, the biggest one-week gain in five years. Media stories blame one culprit: the November 30 OPEC agreement to cut production. In absolute terms, the agreed-to cut is small: 1.2 million barrels a day, less than 2% of daily global oil production.
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