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Head of commodity strategy at Saxo Bank, Ole Hansen, sees oil in a wait-and-see mode ahead of today’s Opec announcement. A surprise re-introduction of a production ceiling may cause a short term blip to the upside but overall the $50 to $51 area continue to offer resistance.
01:59 minutes
Tags: commodities, crude oil, inventories, oil, ole hansen commodities, opec meeting, saxo bank tradingfloor.com, saxotradergo, tradingfloor.com, wti crude oil, wti price, wti supply