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Heads up for oil traders. Ummm, its nearly the weekend.

But seriously, though ... a heads up for traders of oil - look out for weekend comments on the black stuff

This is the most recent: OPEC ready to cooperate on cut - UAE energy minister

Adam posted that and warned, quite rightly, "Be very careful with these OPEC headlines"

Reuters have followed up with a tad more:

The energy minister of the United Arab Emirates said OPEC members are ready to cooperate on a production cut, although non-OPEC producers are holding off on output increases amid current prices, the Wall Street Journal reported on Thursday.

As for the weekend, I can't recall a weekend recently where we haven't got market-moving oil-related comments hitting the screens. Its starting to smell a bit more positive. Or at least not so doom-laden.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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