The Saudis are the Draghi of oil. They will talk about freezes
and let news reinflate prices, but don't expect any actual moves
until late this year if not later. They are smoking out US
producers and aren't done doing it yet.
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Latest Doha draft contains none of the binding provisions of previous version
Posted by steve on 17th of Apr 2016 at 01:30 pm
http://news.forexlive.com/!/latest-doha-draft-contains-none-of-the-binding-provisions-of-previous-version-20160417?utm_campaign=pro_feed&utm_medium=partner_feed&utm_source=benzinga
The Saudis are the Draghi
Posted by a_l_ on 17th of Apr 2016 at 03:09 pm
The Saudis are the Draghi of oil. They will talk about freezes and let news reinflate prices, but don't expect any actual moves until late this year if not later. They are smoking out US producers and aren't done doing it yet.