RE:RE:RE:RE:OPEC has no choice but to cut production
"You just do not see that to this degree with other stocks."
crow lmfao, have you EVER looked at any other stocks ffs!!!!!!!!!!!!!!!! many many stocks have the same type of trading with market makers trying to control pricing.
yesterday over 1/2 of the morgan stanley buys were also morgan stanley as the seller, today anon is a big seller.
opec production has been increasing this week to over 34 mil bod, with nigeria angola and libya increasing production. those countries are partially offsetting the cuts coming.
https://www.bloomberg.com/news/articles/2016-12-05/oil-falls-from-16-month-high-as-opec-seeks-wider-cut-cooperation
i agree with hawk about iae in regards to the hedging and hopefully they are doing more. if they aren't that tells me they need higher prices. oil shot up a lot after the opec agreement and a little correction should be normal, but this could also come unravelled causing a bigger drop in poo. shale is headging like crazy, more drill rigs in north america are mobilizing, bp just anounced the go ahead of a 7-8 billion dollar developement in the gulf of mexico. lots going on to keep a lid on poo.
cheers furball