Oil off the highs after Saudi Arabia, Russia meeting disappoints
consensus to freeze output, but not to cut production.
However, the deal is contingent on other major producers following suit. Many in the market are skeptical Iran and Iraq will agree to such a proposal.
http://www.investing.com/news/commodities-news/oil-off-the-highs-after-saudi-arabia,-russia-meeting-disappoints-384839
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