Did OPEC just run out of short-squeeze ammo?

On any normal day the following two headlines from OPEC would have sent oil prices soaring….

  • IRAQ OIL MINISTER ‘OPTIMISTIC’ OPEC WILL CLINCH OUTPUT DEAL
  •  IRAQ OIL MINISTER SAYS DIFFERENCES NARROWING OVER OPEC OUTPUT DATA

But it appears the jawbone ammo has run dry…

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