There are reports out from Saudi’s Energy minister that the Kingdom will make a significant announcement today. Other reports indicate Russia will cooperate with OPEC to fuck the world, rigging markets to support higher crude prices.
The cannibals in Venzeula must be pleased with these developments.
Crude is ringing higher, more than 4%.
Warning: over the years, there have been many bullshit Russian-OPEC cooperation stories that eventually proved to be false.
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wow. look @ the volume profile on CL. . . it’s astounding.
very telling of the directional move after the 1st spike
Flaccid weiner alert.
Maybe it’s the perfect storm for crude prices.
All the while, silver is about to go apenuts into the stratosphere.