Oil Just Had A “Sell The News” Moment. Here’s What Goldman Thinks…

Oil Just Had A “Sell The News” Moment. Here’s What Goldman Thinks…

Earlier today, we got exactly what a lot of folks were expecting: a "sell the news" moment in crude following the OPEC meeting. Although Saudi Oil Minister Khalid Al-Falih said the cartel considered 6, 9 and 12-month scenarios during Thursday's meeting, they ultimately decided a 9-month extension was “optimal." For those who missed it, you can read the highlights here: OPEC Agrees To 9-Month Extension Of Cuts, Market Shrugs. "Investors may have taken long positions ahead of OPEC meeting
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