iran Markets oil OPEC saudi arabia

OPEC+ Ponders Cuts Amid Plunging Oil Prices, Surging Volatility

"We’re going to go back where we were [in 2014] if we’re not careful."

"We’re going to go back where we were [in 2014] if we’re not careful."
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1 comment on “OPEC+ Ponders Cuts Amid Plunging Oil Prices, Surging Volatility

  1. The Saudi’s did their part to thank Trump for going easy on MBS re his (unseen) hand in the Khashoggi assassination by glutting crude oil supply to drop the price for the mid-term elections to help Trump & the GOP. The oil price dropped, but the U.S. will still be forced by moral outrage to apply sanctions against the Saudi’s, albeit watered down by the White House. I don’t think the bully pulpit gambit for OPEC to drop prices (which had increased as a result of Trump’s Iranian oil sanctions, since temporarily relaxed for 5 +/- countries) worked particularly well to give the GOP the election. I guess he’ll blame ‘the media.’

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