RE:RE:RE:3 possible scenarios coming out of OPEC+ I guess we'll have to agree to disagree on all members abiding by the DOC. If there is no agreement I think they will eventually start to put more barrels on the market instead of keeping the status quo. Russia wanted to increase capacity and they're not going stay on the sidelines for too long while the world demands more oil. Once any member of the alliance starts to increase capacity on their own others will follow. If the market viewed the failure to come to an agreement as a positive catalyst for higher oil prices why did oil go down Friday and not spike like you said. I understand that WTI closed only 7 cents lower but if they thought no more barrels would be added in the market why didn't oil spike?
The markets are not logical as was seen last year when oil went negative. I really realy hope that you're wright and that I'm wrong. I sold my WCP holdings Thursday and bought CPG that same day. Buying CPG and dumping WCP reminds me of the line in the movie Airplane "I guess I took the wrong day to quit amphetamines"
We'll see Monday. too bad U.S. markets are closed.