RE:RE:RE:Apparently OPEC agrees to up production by 100kUnfortunenately the latest rout in oil prices is all paper trading based on headlines and speculation.. the physical market tells a different story.. but the "players" are gonna skew reality for the trade.. IMHO
The paper market has become too political IMO and can't be trusted for realistic issues.. although it will assist in diverting demand destruction... for now..?
Oldnagger wrote: The decrease in crude prices, given that OPEC + is now at essentially maximum capacity, is ridiculous to say the least. The demand for crude and its products will continue to grow regardless of everything else. The only obstacle henceforth will be the resultant extremely high pricing !!