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Oil market can’t decide what “facts” count

Oil market can’t decide what “facts” count

Sometimes a market will move in response to a new fact reaching traders and investors. Sometimes, though, a financial market will change direction because traders and investors choose to emphasize a different set of facts today than yesterday. And that’s where...
Saudis reverse 1/3 of production cuts; oil market trembles

Saudis reverse 1/3 of production cuts; oil market trembles

Saudi Arabia has told OPEC that it will not play sucker to countries that won’t meet OPEC’s targets for production cuts. Russia, Iraq, and the United Arab Emirates have not yet delivered the production cuts they agreed to. Saudi Arabia has said that it...