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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,428 Blog Posts

Crude Crushed on IEA Report, Citing ‘Worsening Oil Glut’

Dr. Fly Tue Feb 9, 2016 3:49pm EST 4 Comments

WTI fell to $28 per barrel today, after an IAE report showed OPEC production has been INCREASING, like morons, into an apocalyptic decline in price.

Global oil glut worsening

No OPEC deal

Supply is rising; demand is waning.

OPEC is producing MOAR

#fuckery

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4 comments

  1. toad37
    toad37
    February 9, 2016 at 3:54 pm

    Weekly 3x Energy Bull –

    http://content.screencast.com/users/toad69/folders/Jing/media/dca1129b-8105-4b3e-b321-0390787e3701/2016-02-09_1353.png

    • 0
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    • 0 Deem this to be "Fake News"
  2. probucks
    probucks
    February 9, 2016 at 4:02 pm

    yet oil has bounced off the $28 resistance.

    & hopefully Yellen has recovered from her 3month span of retardation.

    with any luck we get a weakened dollar 2maro & stock break the coorilation with strong $ and rallies

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  3. nocturne
    nocturne
    February 9, 2016 at 4:21 pm

    Oh, so the Venezuelan clown show didn’t work it’s magic.

    • 0
    • 0
    • 0 Deem this to be "Fake News"

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