Friday, 4 November 2016

OPEC. Union Of The Snake

Is a 1983 hit for Duran Duran, and crude oil Bulls, can't help the feeling, that there are too many snakes in the oil business.

It appears mutiny is occurring within the cartel as OPEC sources report Saudi Arabia threatening to "steeply raise" output following Iran's refusal to cap output.

WTI is tumbling on the news, testing towards a $43 handle.