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Bloomberg outlines how traders will judge whether OPEC and its partners deliver on their output cut, noting that member production data can lag by months. Brent had risen 23% since November 29 to about $56.86 a barrel.
Data lags and conflicting surveys make prices more sensitive to headlines, so near-term crude moves may be volatile even without a new supply change.
gulfnews.comBloombergJan 6, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
