-
Even WSJ Admits OPEC Production Cut Story "May Be Bogus"
He hope we are not the only ones who find it oddly confusing that moments after the WSJ reported that the UAE, supposedly speaking on behalf of the Saudis, said OPEC is "ready to cooperate on a production cut", the very same WSJ writes that the "story may be bogus." From the WSJ: Look, the OPEC thing may turn out to be bogus. Lord knows we’ve heard that line too many times to count, and oil’s at $26/barrel. Even if it is bogus, though, the episode illustrates one thing: there is still a sizable contingent of operators out there just waiting for an excuse to pounce on equities. In other words, we still are not ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Feb 11, 2016 3:26pm Feb 11, 2016 3:26pm
- fxx360
- | Joined Dec 2011 | Status: Member | 930 Comments
- Comment #2
- Quote
- Feb 11, 2016 4:02pm Feb 11, 2016 4:02pm
- PA is King
- Joined Jun 2013 | Status: Member | 2571 Comments
- Comment #3
- Quote
- Feb 12, 2016 6:29am Feb 12, 2016 6:29am
- kenleander
- | Joined Aug 2010 | Status: Member | 707 Comments