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  • Putin and Trump agreed that there should be consultation on oil market

Added at 7:48am

now U.S no more world number 1 in oil producer. Russia mission accomplished
now Russia Deal Time
TuriBinda
"BUT NO DATE AGREED" expect WTI to hit 15$ or less
  •  Guest
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There will be an "alliance" made between the two nations . As much as the US population is "made" to hate Russia, China is a far greater threat and the US would rather have Russia on their side than have Russia side with China for the inevitable "war" we going to see in the coming months/years!!!
How about that? Guess they were waiting for the demise of the US. Wow. What a time to be alive. Oh wait . . .
Is that why oil dropping now ?
Quoting mga35
"BUT NO DATE AGREED" expect WTI to hit 15$ or less

When market condusive oil will go up. Its good for oil
Why would Putin help the US after all the sanctions placed on Russia and all the threats from Nato. I wouldn't if I was him.
Quoting diky
{quote} When market condusive oil will go up. Its good for oil

Logic, if something hit on lower price or till bo price, its mean no trade, cause when we trade something for value. Covid19 will be clear after china condusive and strong on PMI this morning. Its not long recession, good for oil bullish
Technicals are showing that USOIL already has started showing breakout signs as I mentioned in my analysis. Here is how it looks like but needs little more confirmation. So wait for today's close or max week's close.

My initial analysis:

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And now:

Attached Image (click to enlarge)
Click to Enlarge Name: USOIL Breakout Cooking Up March 31 2020 - Vikinsa Fibonacci Confluence Trading.png Size: 148 KB
Technical Analyst & Trader @ Vikinsa
Quoting 05renegade
Why would Putin help the US after all the sanctions placed on Russia and all the threats from Nato. I wouldn't if I was him.
That is a VERY good question !!!
Russia is helping US now. Just sent a plane with medical supplies, so much of number 1 in economy that can't even take care of own people.
Where does anyone get the idea Americans hate Russia? During the Cold War yes, but after the wall fell and even before that there was less reason to. Now we are anywhere from unconcerned to wary. Leaders say things for internal consumption so much can be ignored. Meetings below what news thinks important goes on all the time. It is in russia's interest to get the price back up. SA and the US interest also. It will happen and fairly soon. No matter how much you have why sell 2 for what 1 should bring?
Quoting Guest
There will be an "alliance" made between the two nations . As much as the US population is "made" to hate Russia, China is a far greater threat and the US would rather have Russia on their side than have Russia side with China for the inevitable "war" we going to see in the coming months/years!!!
Agree---China is the threat for cultural as well as military reasons.
Quoting taksistalo
Russia is helping US now. Just sent a plane with medical supplies, so much of number 1 in economy that can't even take care of own people.
What an ignorant comment---another America hater.
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  • Story Stats
  • Posted: Mar 31, 2020 7:46am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 14  /  Views: 6,570