Post by
Pottsy on Nov 25, 2023 3:24pm
China risk
Guys, I have read a lot about China's struggles recently. I also talked to a CIBC investment pal off line. It would seem that we are facing a big risk with China's lies about their financial status. I don't know but it seems they are in a spiral. So how does this effect oil. My take is that unless we see action on the oil choke points in the Gulf and the Red Sea oil prices will go down slowly. Wish I knew this a few days ago. Be careful. Set stop loss. P
Comment by
meritmat on Nov 25, 2023 6:13pm
OPEC controls the price of oil. If it gets two low they will look to make cuts