Quid Pro QuoThe WSJ report today that OPEC+will reverse course from cutting supply of 500kpd to adding 500kpd
has roiled the oil markets this morning and it has one explanation: The US declared the other day to the widow of the assassinated prince Koshogi by prince Salman, currently running the show in Saudi Arabia, that the suit filed by the widow cannot stand in the US because Salman has immunity from prosecution. And the Saudis, I assume thanked Biden for his discretion and rewarded him with the planned increase of oil production to be announced at the next OPEC+ meeting in a couple of weeks.It's a quid pro quo so to speak which means in plain lingo you scratch my back and I'll scratch yours so we are all brothers in crime, damn democracy and justice.