Possible H&S printing on the back of deteriorating fundamentals.
Iran pumped its most crude oil in almost 2 years, while Russia also boosted output again, latest
@PlattsOil
#OPEC+ survey finds #OOTT
@eklavyagupte
Oil drumOPEC pumps 25.28 mil b/d, non-OPEC allies add 13.21 mil b/d
Oil drumCompliance 111%, boosted by extra Saudi cut
oil wavering
it's been over a month i expect a oil correction
so i'm really excited
saudis are doing deep production cuts, but that's eating up their revenue:
saudi GDP Q1 21 -3% YoY
saudi arabia must sell
i don't know how long the saudis can hold
iran is hedged below $44 US shale producers hedged below $40.
Down we go.
Iran pumped its most crude oil in almost 2 years, while Russia also boosted output again, latest
@PlattsOil
#OPEC+ survey finds #OOTT
@eklavyagupte
Oil drumOPEC pumps 25.28 mil b/d, non-OPEC allies add 13.21 mil b/d
Oil drumCompliance 111%, boosted by extra Saudi cut
oil wavering
it's been over a month i expect a oil correction
so i'm really excited
saudis are doing deep production cuts, but that's eating up their revenue:
saudi GDP Q1 21 -3% YoY
saudi arabia must sell
i don't know how long the saudis can hold
iran is hedged below $44 US shale producers hedged below $40.
Down we go.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.