Phil, Mike, and Larry discuss how high oil prices will rise after oil hit a nine-month high last week on fears about tight supplies as Saudi Arabia and Russia extended their oil production cuts until year end. They then talk about hedge fund investor Dan Niles citing three reasons why he’s betting against Apple, the maker of the iPhone and making it his largest single-stock short position. Niles cited three reasons for his bearishness, but his biggest worry is China’s iPhone ban.

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