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Dr. Fly
Indeud

OIL CRUSHED AFTER IRAN SAYS NO TO OPEC PRODUCTION CUT DEAL

Dr. Fly Tue Nov 29, 2016 9:04am EST 1 Comment

Well, it looks like the House of Saud lost again. Their good friends in Iran told them to fuck off.

IRAN OIL MINISTER SAYS WE WILL LEAVE OIL PRODUCTION AT LEVELS DECIDED IN ALGERIA

As a result, WTI and Brent are plunging lower. I’m sure equity markets will just love this. Stocks like anything these days.

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Thus far, losses have exceeded 3.5% on heavy volume.

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One comment

  1. probucks
    probucks
    November 29, 2016 at 12:19 pm

    its not over till its over.

    Saudi’s still playing chicken with OPEC

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