Oil Up 5%

Discussion in 'Commodity Futures' started by vanzandt, Sep 5, 2016.

  1. vanzandt

    vanzandt

  2. It seems that it didn't even last that long...
     
  3. Zestilio

    Zestilio

    Shorting oil really doesn't feel like a nice idea at this pricing...
     
  4. CBC

    CBC

    Currently, I keep selling oil until the direction changes.
     
  5. IMHO the Short targets have been met (Both long & medium terms)
    Currently we're bullish, target 50$. Thx for providing liquidity =P
     
    murray t turtle likes this.
  6. vanzandt

    vanzandt

    Target here:$37
    Barring some new war or terrorist BS.
     
  7. As far as I understood they agreed on nothing, only on some "cooperation" but nothing about freeze.
     
  8. Jamie J.

    Jamie J.

    It seems that they have hit on the idea that there is no need to freeze.
     
  9. +1

    There is nothing to freeze. They are producing as much oil as they can drill to make up for the lower prices.
     
    murray t turtle likes this.
  10. SergeyFF

    SergeyFF

    Russia's oil production has reached a peak for 25 years — 11 million barrels. This is bad news for DRIP XLE IEZ. What do you think?
     
    #10     Sep 6, 2016