Weekly Market Commentary - February 19, 2016
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Stocks climbed on most markets this week as hopes of major oil producers freezing their output level induced a rebound in oil prices. Hopes were rapidly tempered and oil price gains given up at the end of the week after a Saudi Official declared the country was not prepared to cut production. The end of the week saw a slight sell-off following the big run as some profit-taking took place which is understandable given the uncertainty within current market conditions.