RE:RE:RE:RE:RE:RE:Work from homemasfortuna wrote: dllscwbysfn wrote: OPEC makes NO moves but warns it will do what it has to to maintain todays price. I hope they cut though!!!
Not sure I am convinced that they make no move . They already cut twice although they were more warnings than anything else since they did not reach their quotas. I think this time they may actually do it. Just my opinion of course but I did buy some shares on Friday.
I dont think they will do anything, maybe concerned with optics. I hope I'm wrong and your right though. I dont believe the cap on Russian oil will do much although Russia states they will not sell to anyone who caps their price (even though $60 is higher than their ask right now). India and China wont' cap it so they will continue to buy at their price and stock up as long as they have storage space. Going to be an interesting week coming up.
GLTA