“Who’s worried with oil over $60!?”
Quite frankly, I don’t know where the optimism for world growth to spur oil
demand is coming from, nor the thugs & dictators to keep their word on
production cuts … but here we are over $60 in WTI crude oil … that’s the good
news.
The bad news, is that the market can’t do anything with price now that it’s over
$60 … today’s range pathetic by recent VIX numbers … we’ll see what the
weekend brings with OPEC, but I wouldn’t be optimistic.
Until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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