WTI Jumps Back Above $48 After OPEC Meeting Said To End “Successfully”

This is just becoming farce now…
1154ET – *OPEC COMMITTEE SAID TO DEFER ISSUE OF IRAN, IRAQ CUTS TO NOV 30
1436ET – *OPEC TECHNICAL MEETING ENDS, WAS SUCCESSFUL: OPEC STATEMENT1436ET – *IRAQ GOV. SAYS `WE ARE AGREED AND HAPPY’ AFTER OPEC CMTE MTG
Having earlier seen half of OPEC say “no deal” or “unfair”, OPEC sources now say that the meeting has ended “successfully”… Whatever that means…

This post was published at Zero Hedge on Nov 22, 2016.