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S&P 500
5,780.05
(
-0.21%
)
US TECH 100
19,727.60
(
0.01%
)
Dow Jones
42,454.12
(
-0.14%
)
Brent Oil
78.94
(
-0.16%
)
Bitcoin
60,618.79
(
0.58%
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pleeb01

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pleeb01

Re: None

Tuesday, 09/01/2015 11:18:18 PM

Tuesday, September 01, 2015 11:18:18 PM

Post# of 41155
What would the price reaction of oil be if Saudi Arabia cut production by 10%? I'm guessing drastic and irrational and somewhat sustained. And how would that offset their losses due to declining prices while boosting income to other OPEC member nations. Which would all occur way before Iran is able to boost their production and bring any additional oil to market. So strategically it makes sense to cut production ASAP and resume in a year when Iran oil is closer to market. U.S market share is less of a factor in winter months.
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