M MarketSteve Dec 10, 2016 #1 Looks like non-opec missed 600K expectations and instead cutting by 562K. Is this enough for a rally or will oil traders be disappointed and drop?
Looks like non-opec missed 600K expectations and instead cutting by 562K. Is this enough for a rally or will oil traders be disappointed and drop?
T tivthetrader Dec 10, 2016 #2 well, oil already rallied from basically 45 on the opec deal. So at 51.50, thats about 14 per cent. Altogether, if everybody complies thats a bout a2 percent drop in production. I think its rallied enough.
well, oil already rallied from basically 45 on the opec deal. So at 51.50, thats about 14 per cent. Altogether, if everybody complies thats a bout a2 percent drop in production. I think its rallied enough.
