| Oil spiked on Tuesday as Russia's Interfax news agency said that Russia and Saudi Arabia had agreed on a production freeze ahead of the upcoming OPEC meeting in Doha, regardless of whether other OPEC members participate or not.
Oil immediately spiked to its highest level since December. More importantly, it moved over the 200-day moving average for the first time since October 2014. In a range-bound market, a breakout to new highs is a big story...............................................Full Article: Source
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