Oil/Trump2 Jul 2018 07:43
Yeaaah!
Trump tweeted over the weekend and oil opened with a $2 fall in mins. Shorted as stated last week so Numptie, owe you one!
''Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference...Prices to high! He has agreed!''
This is following the highs reached on Friday afternoon by which point it was obvious oil was very overbought.
Ironically oil then gained 150 points back and now sits $1 below the highs. Wdnt surprise me if it rises again but in a precarious position. Has gained almost $6-7 just last week.....speed of rise unexpected.