InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,893.62
(
0.39%
)
US TECH 100
19,999.20
(
0.69%
)
Dow Jones
43,389.60
(
-0.13%
)
Brent Oil
72.94
(
0.00%
)
Bitcoin
90,642.01
(
0.11%
)
Post# of 41155
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Doc Holliday

Send PM Follow Ignore
Followers 721
Posts 61829
Boards Moderated 0
Alias Born 05/15/2006

Doc Holliday

Re: The Whale post# 31715

Thursday, 03/03/2016 1:42:26 AM

Thursday, March 03, 2016 1:42:26 AM

Post# of 41155
That article doesn't say the whole story.

There was too much oil on the market, bringing oil prices down.
The oil surplus was getting large.

Then Obama took sanctions off Iran and they restarted oil production, pouring massive amounts of oil into the market to fund ISSIS and other things. They refused to cut back on production and said they would produce as much as they could.

OPEC got together and said they might cut back on oil production to offset Irans' production and drive the price up.
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up