Apparently, the House of Saud and Russia are scheming about new ways to buoy the price of crude — including reducing production below levels agreed upon on 11/30. As such, the price of crude has exploded to the upside — rising as much as 5.5%.
“I can tell you with absolute certainty that effective Jan. 1 we’re going to cut and cut substantially to be below the level that we have committed to on Nov. 30,” Al-Falih said Saturday in Vienna. The Saudi minister added that the country was ready to cut below 10 millions barrels a day, a level it has sustained since March 2015.
Al-Falih and his Russian counterpart Alexander Novak also revealed Saturday they have been working for nearly a year on the agreement, meeting multiple times in secret. OPEC two weeks ago agreed to reduce its own production by 1.2 million barrels a day, and Saudi Arabia has long insisted that any cuts by the group be accompanied by action from other suppliers.
Couple this with the fact that the CEO of Exxon fucking mobile is likely to become our next Secretary of State, there is a bullish fervor in the crude markets now — just in time for the holidays.
Futures are also higher by 100.
Congrats.
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Please tell me Gartman is short
Ha. He is vodka sweating through his loafers as we speak.
Talked to a few ML brokers… frankly they don’t even have much to say they are so giddy. Santa Clause rally, Trump rally.. and risk trade is on! They don’t even bother with the market mumbo jumbo anymore. Just risk on, buy everything and party on dude!
The “Wolf of Wall St” had babies and their babies had babies!
I think Amazon is selling coke kits for Turnaround Tuesdays and Rally on Fridays.
Best Seller on Amazon for Xmas for a fellow Bear is a rope and chair starter kit.
Obama stock market legacy going as planned. Is the fed going to raise a full point with all this crazy inflation?
Thank Odin that I am totally out of $DRIP!
so
1 Leaving open the nonnefarious, skyrocketing into hike to soften blow (we’ve actually seen this before I believe)
2 manufactured trick into hike to fuck with, “pied piper” (seen it)
3 complete setup into known elector interference on the 19th
drumroll
4 false narrative trump rally (using the dumb down public) pied piper
Saudi Arabia did not donate to her political campaign. Lies lies lies.
Yes, they are lies. A lot of governments donated to the Clinton Foundation and to other charitable foundations. A lot of those same governments interact with the U.S. government. That is just what the world does. It does not mean that there was any pay to play going on.
Shut the fuck up you dumb bitch. That is all.
There’s nothing angry about these Trump supporters. Nothing at all, LOL. Can’t imagine why anyone would say that about them, can you?
Right on cue. Baited like a retard too easy. Be quiet you fool. Your presence is like cancer or aids. It sticks like the smell of a dumpster. Idiocy hiding behind nonstop blabbering of a whore.
Frog, how does it feel….Like really feel…that the next four years will be full of conservative policies that will completely undue “Obama’s legacy” and every single progressive movement? Asking for a friend. Thanks
Had to unfollow L Drogen just now. He is really butt hurt.
The WHORE frog should be banned. Some of us take time out of our day to visit these hallowed halls. A paid slut does not count. But if the oozing cunt that is frog can stay no problem. Just a wild wild guess the stupid bitch is getting paid.
BUMP ^
Frog will finally have to pay taxes like the rest of us!
“But where is trump’s tax returns?”
Trump paying his taxes and the Clintons in jail… well, I’m okay with that!
Comment quality sure has degraded. Even Youtube comment sections are better than this.
Won’t the U.S.A oil producers just fill in the gap? The race to the bottom isn’t over yet as we have not had a capitulation and subsequent bankruptcy house cleaning.