Sunday, August 21, 2016
OPEC Bullshit Deja Vu
ZH: August 21, 2016
"well-timed" OPEC talk of a potential deal to freeze output, has "forced bears" into a historic squeeze and helped push oil close to $50 a barrel, prompting West Texas Intermediate from a bear to a bull market in less than three weeks.
"They’ve been successful over the last year in jawboning the market, and this is the latest example."
Posted by Mac10 at 10:09 PM