RE:RE:OPEC decides to cut another million barrels.....VeritasVern wrote: Oil down, 3% on OPEC news...funny how the market just dismisses the news as mostly worthless. Clearly the market manipulators are sending a message to OPEC - it's they who control the markets not OPEC or fundamentals.
It's now a battle between fundamentals (opec+) vs speculators and governments needing low oil prices to contain inflation and help the Biden Administration in the upcoming election. Eventually the market price needs to adjusts to fundaments at some point- right?
That's Exactly My Sediments And Couldn't Agree More,The Big Old Bully USA Think They Control The World Markets And The Only Way Is To Manipulate The Markets, They Are Corrupt As The Day Is Long.
Isn't There A SEC Rule That You Can't Short A Stock When It's An Uptick On The Stock?