4 Days from Deadline, EU Fails To Agree On Russian Oil Feb was predicted as being volatile for Oil with all the force meeting at the crossroads, with EU ticking down everyone will be wondering what Russia will do will they follow through with their idle threats of cutting production or be more concerned about their economy contracting since sanctions started and this is why I always figured that Russia was selling more Oil than anyone suspected them of because they need the revenues for the war also to prompt up their currency which is supported by Oil and NG sales. If Russia is getting by selling huge amounts of Oil that till lately everyone thought was declining they can say that they cut production but in reality, everything keeps flowing till the truth comes out. This isn't a game of checkers its chess what will Russia do after the EU says checkmate?
Off-Topic
Every time Oil sells off and stocks follow I'm blamed but let's really look at what has happened, for the longs who bought shares during Oil climb up to $82 had they listened to me when I kept saying Oil is rolling over would have sold and scored and bought shares cheaper today so how is what I said damaging? where is Oil, not at $82, I'm positive when Oil is in a true rally which I feel has an upside but when the market changes I change with it but I'm always trying to be a week ahead when it comes to Oil and my trades work out fine. I try to be as upfront as possible posting links with every topic so that you can compare my statement against the article. The pumpers do the most damage because they buy cheap to sell to you but my posts keep money in your pocket so don't tell me that I'm the issue, I don't dictate what people should read or not, and I'm not on a power trip for peoples money and I really don't care who reads my posts.
4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap | OilPrice.com