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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
23,425 Blog Posts

Oppenheimer: OPEC Cut Not Likely; Oil Being Ruled By Geopolitical Events

Dr. Fly Thu Feb 11, 2016 10:46pm EST 3 Comments

This makes the most sense to me. Saudi Arabia is crushing the borscht out of the Russian oligarchs and the black souls of Obama’s friends in Iran.

Fadel Gheit doesn’t believe in the OPEC cut rumor. This is all about Saudi Arabia and Russia, trying to maintain market share.

WTI is trading at $27.49.

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3 comments

  1. aa_aa555
    aa_aa555
    February 11, 2016 at 11:06 pm

    Very True. Saudis have designed the game long time ago. They have heavily invested and shorted the oil through western stock market, something Russia and Iran did not have the access. And now they are covering for their loss through financial markets.
    It is a winning game, crushing the Russian and Iranians, why should they stop?

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  2. zerosum
    zerosum
    February 11, 2016 at 11:08 pm

    Probably going CL here…this rumor doesn’t smell any better than it did two weeks ago. Desperation: it’s just not appetizing.

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