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"Verbal Stimulus" Sends Oil To 1-Year Highs... Now What?

Thanks to the miracle of "verbal stimulus" oil prices have recovered to their highest since July 2015... As UPI's Daniel Graeber explains, Crude oil prices erased a pronounced slump in early Monday trading after Russia signaled it would join a production agreement reached last month in Algeria. Oil prices traded in the red overnight in a carry-over from Friday's slump. A long rally in oil prices faltered last week amid sluggish growth in the U.
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