New York J's are setting up the narrative to slam the price again after OPEC meeting. The narrative now is that Saudi's may cut again, or do something else to defend the price. Cleary they won't as the world wide inventories are dropping going into the winter and they have sacrificied enough as it is. And when they don't do anything they will scream from the rooftops (see stooges on CNBC) that the oil market is weak and something needs to be done as the economy is collapsing--it's not, but that's their narrative and they control the narrative. Now even if the Saudi's do offer another lollipop cut--they won't, but even if they did, after a weak spike oil would finish down for the day, as they would point to the cut as it being a desperate attempt to combat the weakness in the oil market, not that it is a weak market, but they control the narrative.