Saudi Arabia Cuts Oil Output After OPEC Members Clash Over Quotas

Discussion in 'Wall St. News' started by ETJ, Jun 4, 2023.

  1. Atlantic

    Atlantic

  2. Atlantic

    Atlantic

    #12     Jun 6, 2023
  3. Atlantic

    Atlantic

  4. Nine_Ender

    Nine_Ender

    And when WTI hits $76 they'll post a different story. I've seen these themes flip in as little as 24 hours. What I see is US Oil inventories went negative again even though the US govt is still selling off the SPR at 2M per week ( while the news reel said they were trying to buy 3M as a one off unsuccessfully ). Here's an idea, don't sell the 2M a week under $70 to start.
     
    #14     Jun 7, 2023