.... History Always Repeat and it will do again in 2016-2017.
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When OPEC does something Oil Investors Gets Handsomely Rewarded, that is what Opec does. It Serves its Masters (Saudi) Exceptionally Well.
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Similar type of meetings took place back in 2008. Eventually Opec Agreed for Cuts and Saudi even made unilateral decision for cuts.
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Result -> Oil went where it is supposed to be i.e. 120/Barrel
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SXY Price at posting:
29.0¢ Sentiment: None Disclosure: Not Held
