Excitement over production freeze??????Curious to know how a production freeze is positive for the oil market? Correct me if I'm wrong!
They will agree to freeze production while they are pumping at record levels! How in the world is this positive going forward? Demand is weak.....supply is frozen at record levels! Hmmm.....not sitting right with me......
Demand is not increasing IMHO, therefore production freeze is not a solution to curing oil prices....Saudi will have to buckle under the pressure and cut production which IMHO will not happen.....
Maybe someone can enlighten me if I'm missing something!