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What Oil Production Cuts: Iran Says It Won't Support Any Supply Cut Or Emergency OPEC Meeting

What Oil Production Cuts: Iran Says It Won't Support Any Supply Cut Or Emergency OPEC Meeting

The main reason for oil's torrid surge over the past 2 days is that following yesterday's Russia-Opec "oil production cut" headline fiasco, crude traders - who as we previously reported already had a record net short position - scrambled to cover their exposure on the assumption that where there is oily smoke, there will be fire.

The Seventh Republican Debate

Cruz and Rubio had the worst of it last night:

The frontrunner might have been wise to skip the debate after all. While he held a dueling event across town, Ted Cruz and Marco Rubio were confronted with video montages of their past statements on immigration, putting them each on the defensive about a contentious issue that has been elevated to new heights in the Trump era.

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