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Actually, just as I thought. first Wednesday of the month. felt 52.10. up to 52-53 in a week. until next Wednesday
The market has so far played out two important events.
But the upside potential is running out. New drivers are needed for further moves.
The market has so far played out two important events.
But the upside potential is running out. New drivers are needed for further moves.
The market has not "priced in" anything of the kind.
No "agreement" was reached at the OPEC summit. A "memorandum" was signed which was "advisory" and several countries, including Iran, immediately refused to implement it.
The market did not "win back" anything of the kind.
No "agreement" was reached at the OPEC summit. A "memorandum" was signed which was "advisory" and several countries, including Iran, immediately refused to implement it.
That's right. The decision should be fixed at the next meeting. But such a "memorandum" hasn't been able to be signed in a long time. Plus there have been lawsuits against Saudi Arabia by victims of the attacks. Why would Brent suddenly jump to one of the most significant levels of $50 with the oil storage tanks full?
All "meaningful" levels in the market exist only in the inflamed imagination of analysts.
Brant this "meaningful level" has jumped, skipped, jumped back, etc. how many times this year without any OPEC meeting?
Don't worry - the Saudis can handle it. It's a big question who needs who more - the Saudis the US or the US the Saudis....
All "meaningful" levels in the market exist only in the inflamed imagination of analysts.
Brant this "meaningful level" has jumped, skipped, jumped back, etc. how many times this year without any OPEC meeting?
Don't worry - the Saudis can handle it. It's a big question who needs who more - the Saudis the US or the US the Saudis....
The Saudis can handle it. They can muffle the wells and spit at the ceiling. The US, on the other hand, is more difficult. Their oil pipelines and refineries have to be full of oil all the time. Otherwise technological collapse.
Uh-huh, of course...
To the north is Iraq, which is at war all the time; to the north-east is Shiite Iran, with which there are occasional clashes; to the south is Yemen, from whose territory missiles are fired.
Oh, there's also Syria to the north.
Of course, why would they need the US....