Post by
pix4ddd on Nov 12, 2015 5:40am
Brent $45
Will we retest $40 ?
We are trading at brent $45, close to our 6 years low. Quite frustrating but so predictable. US production up again this week to 9.160MMbpd. US oil production is stabilizing since 2 months and half between 9-9.2MMbpd. At around $45 oil US oil production is stabilizing. Iran should increase their production by 1-2MMbpd in 2016.
Russia is also producing at historical high. They all fight to keep their market share. SA doesn't want either to lose market share and will produce as much as they can.
Comment by
lefmike on Nov 12, 2015 11:14am
If I didn;t know any better, I would hazzard a guess that pix4ddd is popfrack in disguise..... Going over various post by both, the same gest to the topic they use are so very similar. " I'm a holder but I like to sheit all over the stock" kinda thing..... Hmmmmm Of course he/she/it/they will deny it !