Cut not even on the table Strauss, it's a production freeze, and even if they do agree (without Iran) OPEC are operating at capacity anyway so a freeze will make 4/5ths of bugger all difference anyway. Will prob get a short term spike but will revert soon enough. I'm positioned for "no deal" but not a trade i want to ride out if we are wrong however. Mental stops then reassess. I'm very confident Iran won't agree, and moderately confident Saudis won't agree without Iran. The only possibility is if they agree to "cap" Iran at their full capacity... Ie: essentially jawbone the price higher, with no real change. Market will buy it IMO, so again don't want to ride that out.
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