It was a fake out. OPEC Cartel pretended they were going to raise production but it turned out to be a major lie to manipulate the oil price higher. Someone is making a fortune off of this corrupt trick. There was no raise in production as was expected causing Crude Oil to spike. The reports I read made it sound like from announcements OPEC that a raise in production was practically set in stone. The middle eastern countries prove to earn their label as the ring of terror or I say pure scum.
Crude Oil spiked back above 1hr pivot and back above 100 in an un-usual move that obviously caught the market off-gaurd causing un-stable prices.
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