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You're right though Snout, if it gets through 50 then it's...

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CaptainGrumpy

4,594 Posts.

177

29/09/16

11:24

Post #: 19503002
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Originally posted by CaptainGrumpy ↑

If this oil move gets serious legs, it's brings into focus my thesis on inflation/bonds/interest rates. That said, they will need to agree to bigger cuts to have a major impact. Talking about a 600k bpd reduction out of circa 95m bpd demand. I think we're likely to see a momo run here, but can't see WTI carving through 50 without a lot of work.

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You're right though Snout, if it gets through 50 then it's probably going to 75.
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0 Great analysis

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