John Kilduff, founding partner at energy hedge fund Again Capital, argued that the lack of clarity in the official statement around a target was supporting crude oil futures Friday. The markets may have originally priced in a hefty supply increase but are rebounding on the lower target outlook.

“They definitely came up short, relative to expectations,” Kilduff told CNBC. “A headline touting… 1 million barrels of additional output would have made a difference.”

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