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WTI LONG

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OPEC and allies agree to cut oil production by 1.2 million barrels per day

Major oil producers have reached a deal to cut oil production and boost the market.

The alliance will to take 1.2 million barrels per day off the market.

OPEC has agreed to exempt Iran from cutting production, Iranian Energy Minister Bijan Zangeneh said


On a technical perspective we reached a nice mirror level and we are likely to see a push back to recent highs or a creation of a higher high.
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