RE:RE:RE:Nuttall comments - listen to this at the 5:14 markInventory reports are a floor for oil. Who said $70 was the floor? Year low for WTI is $65.
I swear I saw a bounce. ;-)
AB asks EN if Isarael and BN saying they won't attack oil is the reason for it being down?
EN says yes I think so.
BTW I have asked you how they were doing it? Did you say by encouraging sales of Iranian sanctioned and Russian sanctioned oil? Nope. Not sure how that is to a tee. LOL
No offense to EN but the US hasn't been enforcing those sanctions on China and India because they can't.
We all love an oil perma-bull but EN has been wrong about oil price targets and always to the high side and not by a little either. Any chance he's wrong about Brent now? Probs. ;-)
GLTA
VeritasVern wrote: Watching from the beginning was implied but at the 5:14 mark he speaks of how the market has a political adgenda almost to the tee of what I have been saying. Go Figure..Nuttall isn't the best stock picker but he understands oil markets.
Oh by the way oil was down -2% and -$1.45 I thought you had called that the inventory reports were a floor for oil... Can you explain how you came to that conclusion and got it wrong?? ;-)
GLTA