Crude Spikes, Then Dumps Out; Iran is a Joke

Headlines  out now saying a majority of OPEC members agree that output should be cut.

You don’t say?

The only issue here is our oil overlords at the House of Saud are too busy in their royal harems to give two shits about any of this. All they care about is stocking their harems with a fresh supply of western women.

All the while, every single nation who produces oil is dying a slow, painful, death.

UPDATE: As I write this, one of the oil ministers at House Saud must’ve texted a message from his harem saying they DO NOT support an oil output cut. Basically, Iran is rogue and no one listens to them.

EIA inventory data is out and it’s fucked up.

A build of 1.77 mill barrels vs a draw of 1 mill.

LOLz: oil is so fucked.