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03/30/2020 | 06:02pm BST
16:46 GMT - President Trump and his Russian counterpart Vladimir Putin agreed to hold Russian-American consultations on the state of the oil market during a Monday phone call, according to the Kremlin website. "An exchange of views was also held on the current state of the world oil market. Russian-American consultations on this subject through the ministers of energy were agreed," the Kremlin website said. Oil prices have cratered in recent weeks after Russia's abrupt exit from its three-year old partnership with OPEC earlier this month. (georgi.kantchev@wsj.com)
Stocks mentioned in the article
Change Last 1st jan.
WTI -3.98% 19.468 Delayed Quote. -60.50%
Can you post the link...as it’s known fact that Russia wants the same outcome as the Saudi....to crush US shale as end game means higher oil price and more control over the market.
PRESIDENT TRUMP AND PUTIN, IN PHONE CALL, AGREED ON THE IMPORTANCE OF STABILITY IN GLOBAL ENERGY MARKETS -WHITE HOUSE
My bad
if you read what I posted..’.they were’..past tense..But who really cares...the situation is what it is and the market will do what it does..up/dwn as it likes
Research ?
That article is dated Jan. A lot has changed since then.
Currently us production is going down ../
Research https://www.google.co.uk/amp/s/mobile.reuters.com/article/amp/idUSKBN1ZD2AJ
“Think they are doing 14m a day”
How did you came up with that number in your head lol
Looks like this explains Brent at $22...everyone give discounts to shift oil at moment....now Saudi are saying they will continue this into May...it’s going to be up/down for few months but I’m thinking June will be the month for Saudi to back off once the US shake has been damaged sufficiently...remember Saudis and Russia have been cutting while the USA has kept pumping...think they were doing 14mill a day.
See this for what Brent really trading at
https://www.lse.co.uk/news/north-sea-crude-forties-falls-to-record-low-as-demand-collapses-liff49ivka932yj.html
Yup
Brent Futures dipping below $22 - https://www.bbc.co.uk/news/topics/cmjpj223708t/oil
Spot per oilprice.com $26 ish, but been close to $25. How good is the futures market at predicting the spot?
Fascinating how different sources seem to be giving different prices!
Brent 24 now
Wtf you looking at
Brent currently down 13% $21.7. Let’s hope a deal can be done quickly and resurrect the oil price
620 close ?
I am already blue lol
Hopefully oil don’t collapses overnight.
I Never use leverage but debating buying another couple of thousand shares here on a cfd with a guaranteed stop. I’m not to familiar with cfd as I usually only buy with my own cash,Is anyone familiar with charges on IG if we had a 6 month suspension?
I don't think you'll regret it in a year's time.
But I bought some more at 603 lol