14 Dec 2016

OPEC Wants Higher Price But Not High Enough To Aid U.S. Shale

by | posted in: Commodities, Economy, Equities, Technicals | 0

Over the weekend, non-OPEC producers agreed to cut crude output by 558,000 barrels per day, of which Russia would reduce by 300,000 b/d.  This followed OPEC’s November 30 decision to cut output by 1.2 million b/d. The deal goes into … Continued

3 Oct 2016

As Goes Crude Oil, So Go Stocks Near Term

by | posted in: Commodities, Equities, Technicals | 0

Crude oil sits at a critical juncture.  Depending on which way it breaks probably decides stocks’ path of least resistance near term. Last week, OPEC announced its commitment to cutting output to between 32.5 million barrels per day and 33 … Continued