In recent days, leading credit market indicators have been pointing to a possible US - Saudi - Russia oil production truce, @jonnajarian and @Convertbond bring value in this discussion. Must see...
pscp.tv/w/1PlJQmEQrEDJE
#WTI
*TEXAS REGULATOR SAYS HE DISCUSSED 10M B/D OIL CUT WITH RUSSIA
It looks like President Trump putting pressure on US Shale to give the Russians and Saudis more visibility on the production path.
(2)
*SAUDIS TAKE STAKES IN EUROPEAN OIL MAJORS INCLUDING SHELL: DJ
Priceless, terrify investors out of the stock, and then buy it all on the cheap! An MBS classic...
(2)
Saudi's: we're going solar to diversify away from fossil fuels, oh and we're buying Royal Dutch Shell...
#Comedy
(3)
FACT: While the headlines were at peak pessimism, the Saudi's were buying oil stocks...
After all the drama:
“Oil Price War Ends With Historic OPEC+ Deal to Cut Production”
*SAUDI ARAMCO SAID TO RAISE JULY CRUDE PRICING FOR ALL REGIONS - Bloomberg
Energy ETFs in pre mkt :
OIH + 8.5% ; XOP +7.5% ; XLE +5% ; USO +1.9%
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