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To add...look at yesterdays oil price movement within 10m of this article's release: http://www.valuewalk.com/2016/12/opec-oil-cuts-not-structural-shift-gs/ htt
by module0000 10y ago
To add...look at yesterdays oil price movement within 10m of this article's release: http://www.valuewalk.com/2016/12/opec-oil-cuts-not-structural-shift-gs/ http://www.valuewalk.com/2016/12/opec-oil-cuts-not-structura...
OPEC is still alive and well, and even speculating about their deal's success is pushing prices wildly.
- nl 10y agoThat's exactly the same Goldman analysis I linked to. They revised prices by $2. This is not the OPEC who could move prices by 50% or credibly threaten to cut off supply.