I'm hedging on corrupt market manipulation & insider trading. Thoughts? https://www.cnbc.com/2020/04/03/oil...set-for-meeting-after-trump-intervention.html OPEC and allies reportedly set for video meeting as analysts pour skepticism on Trump’s intervention It comes less than 24 hours after President Donald Trump told CNBC that he expected OPEC kingpin Saudi Arabia and non-OPEC leader Russia to take up to 15 million barrels of crude off the market. Brent settled up more than 21% on Thursday, registering its best day since contract inception in 1989, while WTI closed up over 24%, also marking its best-ever daily rally. “Donald Trump’s tweet … It’s nonsense, really,” Patrick Armstrong, chief investment officer at Plurimi Investment Managers, told CNBC’s “Squawk Box Europe” on Friday.
Putin must want all the sanctions lifted. Can Trump deliver that before an election with the democrat/MSM anti Russian hysteria?
but yea...if some agreement is reached there may be a spike to high 20's; BUT this isn't a supply problem as much as it is a DEMAND problem...we are sinking into a "depression like" environment...only MASSIVE cuts will keep oil from the high teens over the next months
the "Russian Hysteria" is justified; Trump owes russian oligarchs much money...They bought loans (or were assigned loans) from Deutsche Bank (spelling ?)
I read the same thing months ago but i cannot remember where I read it. the woman from Deutsche bank was at trumps inauguration.
https://www.elitetrader.com/et/thre...-subpoenaed-on-money-laundering-probe.331716/ https://www.elitetrader.com/et/threads/lets-play-connect-the-dots.327444/page-2#post-4767396 https://www.elitetrader.com/et/threads/cleaner-barr-hard-at-work.340145/#post-5008604 https://www.elitetrader.com/et/thre...w-york-prosecutors.337526/page-3#post-5029624