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Making sense of OPEC's deal

Russian Minister of Energy Alexander Novak, Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia, and Mohammad Sanusi Barkindo, OPEC Secretary General of Nigeria, attend a news conference after an OPEC meeting. Photo: Ronald Zak / AP

A few more observations on yesterday's move by OPEC and Russia to extend their production-limiting deal for nine months through the end of 2018...