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2016-02-18 09:52 | Report Abuse
the problem is although they agree to freeze output level at January 2016, the brent crude production is at record high on January 2016, supply also much more than demand ! In addition, all the main consumer & producer had run out of storage ! Rate = Sell !
Stock: [PERISAI]: PERISAI PETROLEUM TEKNOLOGI BHD
2016-02-18 10:17 | Report Abuse
In addition, both of them agree to cut the production but saudi, Iran & russia wouldn't have discipline on it, as when they cut the production, they will lose market share and US shale will pump more oil !