be steady guys, saudi n russia are surely unhappy with the oil price (due to trump fooling them), once the output is cut heavily, it will back to normal
I dont believe demand is low due to emerging markets. Asia is just getting stronger and stronger (Vietnam and China is very strong now ) while the West trying to press us down
Those who had bought @40 and cut loss @36, they already lost 4 sen. If price goes back up to 38, they are going to lose another 2 sen. So, total effective loss 6 sen.
If US wants Saudi to buy more American weaponry other goods, then better to let oil move higher. Or else, Saudi might be forced to shift to much cheaper alternatives from their new friend Russia.
So called rise in US oil inventories is just bullshit American data manipulation.
The true reason is, China vastly reduced imports of US oil,due to trade war. Therefore oil that normally sold to China then remains in American tank farms.
US credibility is damaged by idiot Trump. Free trade is started by US, he changed it to America first. 25% tariff up against China will cause inflation. US stock market will be a bear market now.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Franklim1989
1,453 posts
Posted by Franklim1989 > 2018-11-26 08:37 | Report Abuse
IRAN earthquakes 6.4...gas piping broken..will effect oil price up and gas up