We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]...
(Bloomberg) -- Crude extended gains in Asia after Russia said that it was prepared to reduce output to help stabilize the market before a meeting of top producers later on Thursday.Futures in New York rose as much as 6.1%, after gaining 6.2% on Wednesday. A global supply-curb agreement may be sealed at the OPEC+ emergency virtual meeting on Thursday after Russia said that it is ready to cut oil production by 1.6 million barrels a day, or about 15%. A “massive output reduction” would be discussed, said the energy minister of Algeria, which holds OPEC’s rotating presidency, amid persistent doubts that cuts will be enough to offset the unprecedented demand destruction caused by the spread of coronavirus.G20 energy ministers will meet remotely on Friday to discuss broader measures to steady the market. India, the world’s third-biggest oil consumer, is set to snap up millions of barrels of Middle East crude for...
U.S. crude futures rose as much as 6% in early trade on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as global oil demand has collapsed amid the coronavirus pandemic. U.S. West Texas Intermediate (WTI) crude was trading up 4.9%, or $1.22, at $26.31 per barrel at 2229 GMT after touching a high of $26.61, adding to gains in the previous session. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia - a group known as OPEC+ - are set to meet on a video conference on Thursday....
