With oil still driving, markets are an inflection point
18 February 2016, 16:48
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It would seem that several major markets have now reached something of an inflection point as oil reaches some key levels. The rally on oil that we saw yesterday came despite the suggestions from Iran that whilst it welcomed the production limits taken by other oil producing nations, it stopped short of joining in the limits. This is the obvious play to make from Iran, paying lip service to the agreement in Doha between Saudi Arabia, Qatar, Venezuela and Russia. However it is no game changer and perhaps after
