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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (20351)3/6/2020 2:01:51 PM
From: Keith J1 Recommendation

Recommended By
steve harris

  Read Replies (1) | Respond to of 20435
 
I saw something yesterday that indicated China oil demand reportedly dropped ~5 million bpd in February, significantly higher than expected.

Yes, may be temporary reductions (rolling across various countries) but is going to significantly swell inventories unless there are significant oil production cutbacks.

KJ



To: steve harris who wrote (20351)3/6/2020 9:33:58 PM
From: robert b furman1 Recommendation

Recommended By
steve harris

  Read Replies (1) | Respond to of 20435
 
Hi Steve,

Been on the road all day but crude dumped today.

Russia wants to break shale.

Saudi's got broke of that in 2016.

I'm wondering if Russians are getting massively long in the futures and then all of a suddenly get cooperative?

Two ways to skin a cat.

Bob


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