That was to be expected. Most likely another cut coming up. It was easier for them to say they wanted oil prices lower when there was not really a way to ramp up production when supplies were tight. The Middle East financial system is about to get a nice kick in the teeth just like they gave us with the production cut. There was talk of 2 million BBL/d for that round. Common sense should tell you that this global economy can not function with $80 - $100 BBL oil, no matter how many Wall Street types hyped $150 & $200 BBL oil, just not going to happen.
Looking for $50 BBL or lower in the short run personally.
“I got a great deal on some French WW2 army surplus guns. Never used and only dropped once...”
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