“Who rules the oil world? … I rule the oil world!”
Can you say “hello $41 handle”? … 30’s next week? … nothing quite like an
almost $5 range today to get your blood boiling, while Vlad puts the “NYET” on
production cuts for now, as OPEC sheikhs, thugs, & dictators hit the panic
button … of course as everybody knows, production cuts are for everybody else,
and nobody knows this better than Vlad! … in case you missed it, the link on ZH
has all the details directly below.
And now that the OPEC meeting is over, industry sources are calling the
“communique” which OPEC released, worse than reading divorce papers
… well, when you cheat on production and the world is eyeballs filled up with oil,
just exactly where do you think price is headed?
Meanwhile, the crypto space is pretty quiet today … BTC [so far] with less than a
$200 range, and nothing else I’m looking at seems particularly interesting … just
chopping around doing nothing.
Blog update on Sunday … until then mi amigos … Onward & Upward!!
Have a great weekend everybody!
-vegas
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