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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (21449)	8/16/2016 3:16:54 PM
From: Goose94	Read Replies (1) of 202704

Crude oil: Russian Energy Minister Novak said his country is consulting with Saudi Arabia: Novak says his country wants to achieve oil market stability. That news helped bolster oil markets following last week's comments from Saudi Arabian Energy Minister Khalid al-Falih suggesting Saudi Arabia’s willingness consider price support measures at an OPEC informal meeting next month. Morgan Stanley says oil price reversal could begin Wednesday; Morgan Stanley oil analyst Adam Longson says that the recent oil price jump has been driven by traders covering bearish bets. He expects oil to remain weak for the next few months and sees a decline in prices starting later this week.

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