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File: Indicator in focus: OPEC boosts investor sentiment
- Uploaded:
- 04.10.16
- Änderungsdatum
- 04.10.16
- File Size:
- 590 KB
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- 1.0
OPEC boosts investor sentiment
After OPEC announces production cuts, sentiment among oil market participants spikes and hits a bullish level not seen in more than two years. At the same time, investors’ confidence in higher crude prices solidifies. Both signals combined yield higher crude prices in the coming months, based on past studies.