Long

Winter's Coming, Oil Will Rising

By TradingCocktail

Updated

Insight:
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- Relatively still cheap for current condition
- Substitute for Gas
- Winter is coming

Note

Temporary sentiment..

Iran targets oil output capacity boost as nuclear deal talks make 'good progress' - S&P Global

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Israeli PM Lapid Told French Pres. Macron: Israel Opposes Return To Iran Nuclear Deal, Will Not Be Bound By It - PMs Office Statement

Trade active

adding Long

Note

Opec+ cartel want higher oil price by cutting supply

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The most important chart right now:

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SOME OPEC OFFICIALS SAY THEY WOULD BACK PRODUCTION CUT IN CASE OF GLOBAL RECESSION || SEVERAL OPEC OFFICIALS SAY THEY BACK SAUDI ENERGY MINISTER AFTER HE POINTS TO POSSIBLE REDUCTION IN OUTPUT

Note

Clear break

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The oil cartel will meet on September 5 to decide on production policy

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Russia Set To Reduce Oil And Gas Condensate Production By 2% In August M/M - Kommersant

TradingCocktail

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