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Investors shouldn’t get too excited about a potential oil production freeze Add to ...

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Vague notions of oil production cuts out of Riyadh and Moscow do little to change the outlook for investors in energy stocks – we’re still waiting for global demand to catch up to burgeoning supply. The good news for investors is that they likely won’t have to wait long.

An unscheduled meeting among major oil producing nations in Doha, Qatar generated impressive headlines like the Wall Street Journal’s “Saudi Arabia, Russia, Qatar, Venezuela Agree to Freeze Oil Output at January’s Levels” that suggested an imminent end to the global oil glut. A look into the details, however, suggests only notional ideas of a supply response large enough to support the commodity prices.

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