November 30th OPEC Action

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

After many days of intense analysis by pundits across the globe, today was the day that OPEC finally released its decision on cutting crude oil production,  When the dust settled the answer was yes; they would in fact cut production by 1.4 million barrels.  Combine that with a 600,000 barrel per reduction by non OPEC members and the news had colossal impact.  Crude oil futures jumped nearly 10% today.

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