strange that crude is green as opec meet in 2 days time. another 'foul' play to push it up to near 50 before opec says NO?

i believe crude will dice sharply maybe to <42 when opec telks same no cut story. exciting tmr evening.

what? crude now +6.5%!
opec speculation again and again???

wow. finally a cut of 1.5m per day. effective from jan 2017 for 6 months 'but can be extended' ...

agree with both Dan and Avfan.
i never trusted arabs words. i had personal contacts with these middle east people sometimes ago. when they speak i need to read between their eye brows to get the r eal meaning.
i also believe that most opec guys would not adhere to yday's 'agreement' and they will cheat.
Trump admin has been talking about protecting their oil n gas industry and more shale people will surface n fight for the US market share.
usd100 rpice tag shd b a history n i dont believe crude will hit it even in another economic cycle of say 8-10 years cos new technology n super efficient processes shall reduce the need for more energy, even when the economy improves.
so.....lets aee how high crude goes before finding a newer but temporarily level.
...this is a strange world. few worda will move things around!!!

i think its time to sell crude. 51+ seems a bit high now. and the opec effects shd wade off bit by bit.

yes. crude pruces have been v resilient. any dip is quickly absorbed n pushed upwards.

haha. xle had been one of my fav in watchlist. but afyer hitting 72 i gave up as i thot it was way too high just like nymex at 52. wow...i last saw xle was near 76! did i see it right!!!
me expecting a charging bear at any slightest negative news

as for me, I am still of the opinion that crude is over optimistic. I cant see any reasons for it to climb for weeks. strange!

Dan. looks like xle ia going to hut past its recent high of 76.50? hope it rides along with crude bulls. crude is very resilient and mihht crawl back to green to continue with its bullish trend.

hahaha...opec fellos will sure follow to drill free money from the ground...they also love money.

This post has been edited by mikehwy: Dec 16 2016, 01:27 AM

cant find the link. got to b interesting to read more. naive Trump flexing muscles or testing chinese patience?

crude hitting +0.8% and still going strong...good show tonight...

yes, crude coming back to level now while USD getting bit weaker....really volatile.

Whooppss!!
nymex at 53.40 n brebt at 55.70.
Commpdity of the 2016 FINALE !!!

wow wow. crude tanking at 12.45. something is brewing le

I guess "anything for sale in US markets" is OK to discuss here, including tips. lol

.but we shd learn to love crude at this moment. in most circumstances, it will charge upwards.

just a boring friday question...is US going to open 1/2 day for trading or biz as usual?

This post has been edited by mikehwy: Dec 23 2016, 12:48 PM

wow.......nymex 53, brent near 56!
what a flying (or frying?) commodity!!!