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  • Saudis and Russians reach consensus on oil output freeze - Interfax

    From forexlive.com

    Saudi Arabia ready to join? The headlines are just crossing and oil jumped 40 cents. The final decision won't depend on Iran, Interfax says. This is bullish news for oil. Previously Saudi Arabia had said it wouldn't freeze production unless Iran was involved. USD/CAD dropped 50 pips on the headline to a session low of 1.2848. Update: Russian energy ministry declines comment on IFX report. I wouldn't read much into that headline. They want to save the 'agreement reached' headline for Sunday.

pdate: Russian energy ministry declines comment on IFX report.

I wouldn't read much into that headline. They want to save the 'agreement reached' headline for Sunday.
Forex Philosopher
anyway, Saudi always against freezing to squeeze Iran AND Russia and USA NEW PRODUCTION LINES
Forex Philosopher
Early summer silly season?
Is oil in ICU?
Quoting mindgames
Is oil in ICU?
from last 8-9 months
Stay Foolish , Stay Hungry
This news without substance was orchestrated to drive the price higher IMO . It cannot be done without IRAN who sees this as a BIG opportunity to regain more than their fair market share by ramping up production. Sunday will be a different story when the short sellers step in ...Hehehehe !!!
Quoting mindgames
Is oil in ICU?
Oil seems to be in 'ICCU'
When the going gets tough , the tough get going
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  • Posted: Apr 12, 2016 10:32am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 7  /  Views: 5,387
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