OPEC Fails to Reach Agreement on Production Ceiling
WSJ - OPEC broke off its meeting without reaching any new agreements on oil production, continuing a hands-off policy that members say is gradually bringing supply and demand back into balance and boosting prices.
The organization that controls over a third of the world's oil rejected the idea of reintroducing a collective output limit, a move that some oil producers had floated as a way to inject some discipline into the group.
Impact : Strong
Sentiment : Bad for OIL
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