Nice move up in crude today!

[Grant 302]

+$4.00 on the OPEC agreement to cut production.

 

[VoodooBoss]

Did you hear that?

It was the sound of frackers restarting their rigs. ;D

New Prez: Drill baby drill. We'll see how long OPEC remains relevant.

 

[302 Hi Pro]

Yes it will be interesting to see if OPEC Nations will abide by the proposed 1.2M barrel/day production cuts. Plus the US dollar is showing strength.

2HP

 

[Grant 302]

Yes it will be interesting to see if OPEC Nations will abide by the proposed 1.2M barrel/day production cuts. Plus the US dollar is showing strength.

2HP

They probably won't comply. But I think the crude market needed this kick. I've been a bit surprised by the resilience even with the strength of the dollar.

Did you hear that?

It was the sound of frackers restarting their rigs. ;D

New Prez: Drill baby drill. We'll see how long OPEC remains relevant.

I hope so on the rigs. I think we still need way more to prevent a really big price spike. In other words, I'd rather see $60, $70, $80 crude sooner than later in order to prevent $200+ or some other economy crippling price.

 

[Grant 302]

Loving the move today too! Keep your gas tanks full!