RE:RE:RE:GAPthank you for that input - I fear if WTI hits 56.86 then VII will go lower than 11.96 but it sure would be nice if we held that 11.96 - we got creamed at the end today, again, with WTI tanking. We were fine until Trump opened his mouth..
As much as I'd hope that cuts or talk of cuts from OPEC would stabilize oil price, after Trump comments today and the immediate downfall in WTI from near 61 to below 59 has me worried that the market will keep doing what it has so far - over-react to Trump's rhetoric and turn his negativity toward high oil prices into reality of lower oil prices. He's a wild card and he's liable to make other moves if he sets his mind on pressing oil price down. I'm guessing he'll be losing some votes in Texas today ....