Wait for few days, Oil will be same place i.e. $45/barrel even higher.
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Effect of such news does not last more than few days. After that EIA will drive Oil Market
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(Last time Saudi Monarch wrecked Saudi Arabia economy, he was overthrown. History repeats itself and it will do again, just matter of time)
SXY Price at posting:
26.0¢ Sentiment: None Disclosure: Not Held