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Wednesday, November 14, 2018 1:24:23 AM
As we can see, the December 4th OPEC meeting will be a HUGE up day, as the Saudi's and Russia will cut production dramatically.
The markets will "price in" this production cut in advance.
Additionally, this excessive/oversold condition of crude oil has reduced the price of oil/gas so dramatically, that the increase demand will make a huge dent in existing inventories.
I'm very bullish on crude until end of year, as my price target is $75/barrel, at which point Saudi Arabia will do their ARAMCO IPO.
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