So seeing some smart folks make posts that is oil firms up and
climbs, stock market climbs with it. I could see if max pain
if wanted, that could surely happen. Your thoughts on oil
firming and going back up, taking market with it?
The demand/supply imbalance currently on oil is NOT going to be
resolved with a 10 or even 15 million barrel cut in daily
production as demand has fallen ever more. Further, who's
going to agree to the cuts and then who will enforce? Make
sure you trail up stops as the oil market was jawboned higher last
week without any cuts yet in place.
I knew the Nonfarm Payroll
Posted by goldnice on 3rd of Apr 2020 at 11:28 pm
I knew the Nonfarm Payroll record decline released this morning reminded me of something. This is very ominous! Buckle up!
So seeing some smart folks
Posted by jsquared on 4th of Apr 2020 at 04:50 am
So seeing some smart folks make posts that is oil firms up and climbs, stock market climbs with it. I could see if max pain if wanted, that could surely happen. Your thoughts on oil firming and going back up, taking market with it?
The demand/supply imbalance currently on
Posted by steve on 4th of Apr 2020 at 10:22 am
The demand/supply imbalance currently on oil is NOT going to be resolved with a 10 or even 15 million barrel cut in daily production as demand has fallen ever more. Further, who's going to agree to the cuts and then who will enforce? Make sure you trail up stops as the oil market was jawboned higher last week without any cuts yet in place.
https://oilprice.com/Energy/Energy-General/The-OPEC-
Meeting-Could-Send-Oil-Prices-
Crashing-Below-10.html
Land Oil Storage (UAE Full)
Posted by steve on 4th of Apr 2020 at 05:29 pm
https://www.hellenicshippingnews.com/uaes-fujairah-oil-storage-tanks-at-full-capacity-industry-trade-sources/
Some tankers will have multi dollar dividends for this quarter.