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‘Buenos Aires, Not Vienna’: Oil Traders Brace As G20 Seen More Critical Than OPEC Gathering
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One tidbit of good news re the G-20 is that it has just been reported that Trump has cancelled his planned meeting with Putin at the G-20. Maybe Nicki Haley finally got through to our ‘stable genius’ that Russian escalation offshore Crimea really matters or, more likely, Trump is ‘miffed’ that Putin is agreeing with the Saudi’s notion to cut oil production to stabilize oil prices and avoid a near term oil price crash (for which Trump would have taken credit).