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Saudi Arabia's Energy Minister Khalid al-Falih arrives for an informal meeting between members of the Organization of Petroleum Exporting Countries, OPEC, in the Algerian capital Algiers, on September 28, 2016.
This OPEC deal shows that Saudi Arabia's oil strategy has 'backfired on them'
Concessions offered by Saudi Arabia to lock down an oil deal show Riyadh is getting pinched by its own policy, John Kilduff said.
Ryad Kramdi | AFP | Getty Images

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