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."