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  • Novak: Increasing output by 400K bpd/day in Nov will help stabilize market

Oil refuses to go down
Not enough market need 650k
Quoting Tony112
Oil refuses to go down
It’s bullish
  •  Guest
  • | IP XX.XXX.210.175
it is not bullish -) they try to mindtrick you. If you gather fundamental data...the oil production in US is ceasing down and if you compare WTI spot price to it, it will fall. Other indicators: entering recession from expansion (zero interest rates) - institutions were purchasing commodities to retain value. Now every state globally is increasing them, the stock indices are experiencing selloffs, QE2 (central bank buying bonds) programs are also ending. World GDP according to IMF is expected to fall...which means less demand for oil and energies. Rising dollar - the denominator of commodities is rising. World commodity index (all) began to fall...all you must do put it to annualized rate and you will see the real picture. Overall score is down. Cheers guys.
Quoting Guest
it is not bullish -) they try to mindtrick you.
Good morning.
Are you saying that the oil price that has been rising for the last year and a half is just a psychological play?
This is the reality and the chart shows that strong uptrend.
Whether someone likes it or not market makers want an even higher price, and that's all that matters.
Your arguments against the increases are irrelevant.
All the best.
Look at the futures curve.
  •  Guest
  • | IP X.XXX.217.106
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