Oil Up 5%

vanzandt · Sep 5, 2016

Saudis and Putin crawling in bed together.

This should last all of a.... hmmmm(?)...... 1/2 week?

Good short.

http://www.investing.com/news/commo...on-reports-of-saudi-russia-cooperation-424233

Martinghoul · Sep 5, 2016

It seems that it didn't even last that long...

Zestilio · Sep 5, 2016

Shorting oil really doesn't feel like a nice idea at this pricing...

CBC · Sep 5, 2016

Zestilio said:
Shorting oil really doesn't feel like a nice idea at this pricing...

Currently, I keep selling oil until the direction changes.

Apophenia · Sep 5, 2016

IMHO the Short targets have been met (Both long & medium terms)
Currently we're bullish, target 50$. Thx for providing liquidity =P

vanzandt · Sep 5, 2016

Target here:$37
Barring some new war or terrorist BS.

felixbocharov · Sep 5, 2016

As far as I understood they agreed on nothing, only on some "cooperation" but nothing about freeze.

Jamie J. · Sep 5, 2016

It seems that they have hit on the idea that there is no need to freeze.

DallasCowboysFan · Sep 5, 2016

+1

There is nothing to freeze. They are producing as much oil as they can drill to make up for the lower prices.

SergeyFF · Sep 6, 2016

Russia's oil production has reached a peak for 25 years — 11 million barrels. This is bad news for DRIP XLE IEZ. What do you think?