Output Freeze Expected to Offer Little Help to Restrain Supply

Volatility jumped with the VIX fear index urging to the highest level in 3 weeks. Risk assets got hammered. Wall Street retreated with DJIA and S&P 500 indices losing -0.98% and -1.2% respectively. Shares in Asia fell across the board in morning session today. In the commodity sector, crude oil pared gains made over the past two days.

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Output Freeze Expected to Offer Little Help to Restrain Supply