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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (94305)	9/19/2020 9:44:51 AM
From: Goose94	Read Replies (1) of 202704

Crude Oil: gained more ground after the Saudi oil minister warned speculators gambling in the market. To short-sellers betting on a slide in prices, he said: “Make my day.” He added that OPEC+ will actively and pre-emptively manage the market. The group also pressured laggards to increase their compliance. Goldman Sachs sees Brent rising to $49 per barrel before the end of the year. “We estimate that the oil market remains in deficit with speculative positioning now at too low levels,” Goldman Sachs said. Democratic Presidential candidate Joe Biden once again reiterated support for fracking in a CNN town hall event in Pennsylvania on Thursday. “Fracking has to continue because we need a transition,” Biden said. “We're going to get to net-zero emissions by 2050, and we'll get to net-zero power emissions by 2035. But there's no rationale to eliminate, right now, fracking.”

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