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Takeaway: The last thing OPEC wants to do is freeze which would goose prices and send price signals to the U.S. to increase production.

Hedgeye Potomac Senior Energy Analyst Joe McMonigle dissects current oil market fundamentals on BNN and explains why he's not expecting an OPEC production freeze any time soon.

Click below to watch.

McMonigle: Another 'Nail In The Coffin' For An OPEC Oil Freeze  - mc mon