Post by
MrICE on Dec 02, 2020 2:56pm
If opec ...
If,if,If OPEC keeps the current production levels for few more months. Torc will jump big Even if oil prices stay at this $45ish level. The confidence that oil demand should stay near this level and not glut prices is huge.
Comment by
tracker11 on Dec 03, 2020 6:12am
As reported about one hour ago in Investing.com it would appear that OPEC+ has reached some agreement to a slight increase in production of 500,000 bpd starting January 1st. Let's see how this pans out for oil prices at the open.
Comment by
MrICE on Dec 03, 2020 12:05pm
Oil Looks to be Pretty stable with those little increases. That's great