Post by
curiousbuild on Aug 11, 2016 11:30am
OIL
to $55 on freeze talk rumours and $SPX to 2350.what a fk show.. CB
Comment by
Realhumanbean95 on Aug 11, 2016 12:13pm
Saudis say they are willing to adress the supply problem. A freeze still woudnt make a difference to the supply on the market, it can take years for the market to balance out. But honestly hearing something like this from the saudis is not good news for oil bears. Im reconsidering this hvu play because i expected oil to be the catalyst for the markets to crash.
Comment by
Eric1212 on Aug 11, 2016 12:17pm
I doesn't see how saudis could freeze the production... They could freeze the growth of production but can't freeze the production, it's can back them to the stone age... For freezing the growth of production, it's shouldn't really affect the demand/supply in the current and further world...