OIL SET TO surge Monday. Record oil production cut! Intervention is everywhere

S2007S said:
Thought we could be driving with gas prices below a $1.50 for a long long long time, like 3-4-5 years, but that hope was completely destroyed moments ago...Whether its equities, housing prices, refinance rates, and now oil prices, nothing stays down, everything is forced higher with fed intervention, butttttt the interest rates big happy banks get to borrow at, they are the luckiest to enjoy the low low low low rate set by the Federal reserve, we get to borrow that money at significant higher borrowing costs and of course any savings, well there is absolutely no such thing as a savings rate any more, thanks to the fed and their big bailout plans that leaves out all savers!!!!!

But yep oil should surge by 15-20% tonight.


https://www.cnbc.com/2020/04/12/ope...-production-cut-after-days-of-discussion.html
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Another surprise. Dow Futures opened 372 pts higher but the news isn't really a good one.
 
Girija said:
Another surprise. Dow Futures opened 372 pts higher but the news isn't really a good one.
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The oil drop totally got me but my prediction for market futures dropping I was right on. However thought there would be a 3% drop at the open not 2%
Oh well
 
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