GREY:WFREF - Post by User
Post by
soundandfuryon Apr 02, 2015 7:25am
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Post# 23590418
Why is saudi flooding the oil market?
Why is saudi flooding the oil market?Maybe they fear iran might try to take over their oil fields. Maybe they are using their oil resources to hit iran and russia where it hurts? I really do not think saudi cares too much about the us shale oil espansion. It does not mean too much in the big scheme of things. When one looks at commodities of all sorts.............its not unusual to see price declines of 50 percent or more. There is a general theme going on here and it is sell commodities of all descriptions and buy biotech stocks and prop up the dow jones.....................this if a fleeting trade at best.......................the real economy needs commodties to function.