RE:Come on,I don't "think" OPEC is on "my" side , I do think we see the situation the same way though . SA has gone out of their way to "manage" supply , I don't see them throwing all that work out for Biden . OPEC+ have been very quiet lately as they observe the market , this waterfall drop in price , Biden releasing SPR oil and this omni-con headline only support the decision to hold any production increases while these variables play out . This should be the outcome of Thursday's meeting . This expected freeze in production will send the price back up and in the meantime , Biden will need to replace that oil sometime in the future . More demand !!!
IMNOTWESTCOASTT wrote: do you really think that OPEC is on your side, Russia will throw in a monkey wrench and then WTI hits 60 again, then 50 again. Do you also think that the oil price is not being manipulated by OPEC. The Saudi prince is making money now, right. These people own shares in every oil and gas company in the world, when they start selling, look out below, i have been witness to this too many times. Just try to have some common sense.