The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Saudi will not take this sitting down they have truly been shafted by trump promising sanctions on Iran, which hardly had any affect. Then suddenly over 2 weeks the US have over supply of oil and large inventories. This is BS!!! All these weekly inventory reports manipulated so that he can benefit from mid terms.
90% of income for Saudi comes from oil and desperately need the oil to be high in order for them diversify before they go bankrupt as a country...…
a lot of analysis are expecting an u turn from opec - opec will not give up so easily. This weekend meeting is crucial for oil and most likely they will lower production in the near future. Opec was hoping to continue to pump high volumes due to Iranian sanctions, but Trump did a U turn by allowing 8 countries to continue buying...…Opec will not like this!!!!
I wouldn't be surprised if he has already shorted. It seems he has agenda for posting negativity without any facts.
I agree should be patient!! but large losses in October need to make back. help god please get it over 1.09 point....
considering how well US did yesterday I was expecting everything to be higher....It seems very flat at the moment
7000 posts and you still can't string a sentence that makes sense - keep adding value to this board
hopefully a rally this afternoon as long as fat man doesn't open his mouth... US futures looking very good!
Thanks all! futures looking good across the pond. It seems the mid election results are good for the equity market according to Bloomberg.
Hi Krakenoil
Do you have the link to the article where opec now considering u turn? Thanks
why are you so negative Marshall? 2 comments already today that not very good reading
i'm expecting poo and sp to rise in the next few days/weeks
mid election over let's see what happens over the next few days.
i wonder why that sharp drop was?!? maybe oil fell at sp fell witk it -
https://oilprice.com/Energy/Energy-General/Oil-Looks-Set-For-A-Rapid-Bounce.html
Chartist2 - yes, indeed a lot of bars! good memories - The company I worked for had a office near the FIFA World Football Museum
good old Zurich - been to Zurich quite a few times for meetings.
I wouldn't worry about the glut! as soon as the mid elections are over oil will be up
go on you can do it!!
what shame the price wasn't over 5.20 - fantastic day