Odds of oil talks cratering?

Is this going anywhere?

  • Yes, there will be consensus

    Votes: 1 20.0%

  • Hell no, just another pump and dump

    Votes: 4 80.0%
  • Total voters
    5
Cuddles

Cuddles

I'm hedging on corrupt market manipulation & insider trading. Thoughts?

https://www.cnbc.com/2020/04/03/oil...set-for-meeting-after-trump-intervention.html

OPEC and allies reportedly set for video meeting as analysts pour skepticism on Trump’s intervention
  • It comes less than 24 hours after President Donald Trump told CNBC that he expected OPEC kingpin Saudi Arabia and non-OPEC leader Russia to take up to 15 million barrels of crude off the market.
  • Brent settled up more than 21% on Thursday, registering its best day since contract inception in 1989, while WTI closed up over 24%, also marking its best-ever daily rally.
  • “Donald Trump’s tweet … It’s nonsense, really,” Patrick Armstrong, chief investment officer at Plurimi Investment Managers, told CNBC’s “Squawk Box Europe” on Friday.
 
Putin must want all the sanctions lifted. Can Trump deliver that before an election with the democrat/MSM anti Russian hysteria?
 
but yea...if some agreement is reached there may be a spike to high 20's; BUT this isn't a supply problem as much as it is a DEMAND problem...we are sinking into a "depression like" environment...only MASSIVE cuts will keep oil from the high teens over the next months
 
ZBZB said:
Putin must want all the sanctions lifted. Can Trump deliver that before an election with the democrat/MSM anti Russian hysteria?
More...
the "Russian Hysteria" is justified; Trump owes russian oligarchs much money...They bought loans (or were assigned loans) from Deutsche Bank (spelling ?)
 
ZBZB said:
source?
More...
source is how Trump has acted over the last 4 years !
 

Attachments

  • DJAp_-WUQAAAW4v.jpg
    DJAp_-WUQAAAW4v.jpg
    51.2 KB · Views: 5
 
You must log in or register to reply here.
Back
Top