Don’t Be Fooled! OPEC Will Pull Barrels Out Of The Market
Oil market manipulators have flushed the toilet on the longs. Open interest is plunging and oil is a great opportunity. A $20 rally in oil is in the cards. And OPEC has the power to do it. All they have to do is turn a valve. The Saudis, as a favor to Trump, have over supplied the market at the lowest demand time of the year by over a million barrels a day. This party is over. There is already a consensus building in OPEC to dramatically cut oil production. And they meet in a few weeks at the beginning of December.
Manchin: We’re ‘On The Verge’ Of A Constitutional Crisis Due To Sessions’ Firing. China October exports surprisingly strong in race to beat higher U.S. tariffs. U.S. to impose new duties on Chinese aluminum sheet products. Russia clashes with western oil buyers over new deals as sanctions loom. U.S. grants Iraq 45-day waiver over Iran sanctions to import gas, electricity. U.S. Embassy Senate Democrats weigh lawsuit over Trump Justice Department appointment.
Trump’s Pick For Acting AG Said In 2017 Interview There Was ‘No Collusion’ Between Trump And Russia. Trump moves to deny asylum to most migrants who cross border illegally. Japan core machine orders plummet in September. Oil falls as rising production feeds concerns of an oversupply. Trump’s acting AG was involved in company accused of being a ‘scam’ by FTC. Trump faces a blitz of investigations from Democratic-run House.