Posted in: spread-betting
RE: Trading/Spreadbetting board27 Nov 2014 21:42
"The Saudis want Opec to remain relevant,'' said analyst Phil Flynn, speaking before the end of the meeting in Vienna. "The only way in their mind is to subdue the US shale producer."
...that would pressure wti way lower...sub 60? perhaps sub 50?
...I am bearish about oil (surprise surprise) and wonder about the benefits: to US and UK a bit (but decent producers so not unambiguous)...to eurozone does it reinforce the damaging deflationary pressures??