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re: Oil stocks...are you buying?
Posted on 2/11/16 at 8:57 pm to Iowa Golfer
Posted on 2/11/16 at 8:57 pm to Iowa Golfer
More rumors of OPEC cuts as well as Russia and US cease fire agreement. - betting on some destabilization perhaps?
2
Posted on 2/11/16 at 9:22 pm to TigerDeBaiter
No idea, but it's fun for me to watch the price try to reach equilibrium. I know there's oversupply and lower demand, but I'm guessing at this point the price is independent of any fundamental supply/demand pricing. I don't know enough about it, but I don't think there is a Brent cash contract Cash wti and March are disconnected though.
I do know there's more retail trading at this point of the evening though.
I do know there's more retail trading at this point of the evening though.
Posted on 2/11/16 at 9:23 pm to TigerDeBaiter
quote:What was essentially said was that OPEC would make production cuts if the rest of the world agreed to do the same, IIRC. Even if that were to ever happen, either the overleveraged US shale producers or OPEC would screw everybody else.
More rumors of OPEC cuts
quote:Yeah, a (temporary?) ceasefire has been agreed upon for Syria so that humanitarian aid can come in. I doubt it will last for long.
Russia and US cease fire agreement
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