The setup was terrible, with falling commodities, a downbeat Asian session, and junk jitters weighing on sentiment.
Not what I would call an “upbeat” session.
The fireworks started in Japan and that’s where they ended.
Whither black gold…
Are we there yet?
Nobody strike a match.
Tension is running high on Monday…
“How bad do you think it’s gonna be?”
“You will ride eternal”, reckless, gold leaf, and outrageous…
Don’t worry about the orange man.
Come one, come all.
You’d probably be wise to do the same.
Oil is on the move as OPEC chatter is making the rounds. According to the ubiquitous “people familiar with the matter,” the cartel is now debating whether to extend production cuts past the end-March expiration date. The move could “potentially bring the curbs well into the second half of 2018,” Bloomberg says, citing unnamed officials.…
“This brief survey of the most likely types of supply approaches available to OPEC speaks to a larger notion of game theory. Having experienced a gradual and persistent erosion in its dominance of the oil market, OPEC members are being pushed to play a larger cooperative game that involves ever broader coalitions to secure an orderly influence on oil prices.”