RE:RE:RE:RE:Oil tradingI agree OPEC will continue to hold back, however this has been occurring since 2018. I don't see it as a catalyst to move oil higher. I see more risk if they don't continue holding back and risk that they 'could' produce more (as they have the capacity) to further a political agenda. As for consumption and realiance... yup, been hearing Nuttal trumpet that every couple weeks. Market doesn't seem to care. I agree it's a coin toss. I'll add your thoughts to my calculus, but won't give either much weight. Thanks for the input.
Moemoney42 wrote: I'd like to add to your comments Anschutz that OPEC + is far more disciplined than in recent years and also the daily consumption and reliance on oil & gas is much higher than in previous years/decades.
I think its really a coin toss as to what happens this election as it is a precident setting event that we've never had in the past as well..?
What is really roiling the markets is the fear of the unknown IMO..?