The ACD Method

No cuts, just four freezing output at January levels. Also Iran has come on with its supply. All that's saying is they will continue to pump more oil than is needed.

http://www.bloomberg.com/news/artic...russia-agree-oil-output-freeze-in-qatar-talks

 

I think they were just testing the market. I don't think they liked the response.

 

Oil producers version of Central Bankers talking. Needs some work, LOL.

 

lots of good stuff in there good find. This is pretty good.

 

If Iran is not included in this (and they wouldn't cooperate even if they were), then nobody cares about OPEC freezing production at current levels. The guys I talk to on a daily basis are balking at any and all news out of OPEC right now.

 

For anyone interested, the RBOB front spread is worth a look...

 

Wtf, 24 cents. I didn't realize it had gotten so large.

I'm guessing a surplus of fuel that can't be stored for long is killing the front month?

 

The Mar/Apr spread is usually quite wide because of the gasoline spec change but what caught my attention was that it made a QADn today after confirming a WADn early this morning and an MADn yesterday.

 

I'm surprised nobody has commented on the vol crush in oil. That was a massive move. I sold vol almost at the high. Very lucky timing on my part.

 

http://www.valuewalk.com/2016/02/monetary-policy-3-ray-dalio/?all=1