Oil Will Bottom – Hot Market Update with Seth Setrakian

January 28, 2015

Finally in the oil markets, I saw and heard something that made me change my tune a little bit. Abdalla Salem el-Badri, the secretary general of OPEC said, for the first time, that OPEC would be willing to work and compromise with non-OPEC producers to get production in line—that’s very constructive.

Tip of the Day: Short term, oil will bottom, accumulate slowly over the next 4-6 weeks

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