All attempts to drive coffin nails into the crude trade have hitherto proven to be a waste of time. The men in dresses from the middled east have been Johnny on the spot with renewed lies and deceit, each and every time crude falters. Today, there are unfounded rumors that Iran will, in fact, agree to freeze their production — something they’ve said was utter and complete horseshit in the past. They much rather see The House of Saud suffer under their suicide vests than agree to their terms for oil production freezes.
Nonetheless, it has caused a barn-stormer of a rally today — sending WTI up almost 6%.
Art Cashin marvels at the stupidity of crude traders.
The spike in crude has resulted in a fierce rally in energy stocks — up more than 4% as a group.
goat raping sanded monkeys
This is all because Barbara Boxer says she’s going to abolish the electoral college. I’m positive CNBC will concur shortly.
I can’t wait for my PG&E bill to double and pay $6 a gallon to drive the same distance on the same salary.
Obama going out on top!
Trump better do great or he’s just the next Bush we’ll blame for the next 4 to 8 years for everything that went wrong.
so, have you voted in the end?
Long Crude…………
The men in dresses realize they’re living on borrowed time. Got to produce as much oil as they can before Trump unleashes the waterfall of oil via the fracmasters in the U.S. Crude oil eventually headed back into the $30’s.