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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (1375589)	9/29/2022 2:36:55 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 1573500

read it again A million barrels a day DOES have an effect on oil prices...either way. If you don't know that then you should stay away from trading energy issues. Oil prices are decided on the margins. "The energy team at J.P. Morgan has been watching the energy complex pricing closely. While both Brent and West Texas Intermediate were up over 3% on Friday, the analysts feel there is a solid chance that OPEC will step in big, and possibly make a loud statement for maintaining and protecting pricing. J.P. Morgan had this to say:" OPEC is likely to step in with additional cuts if oil downward momentum persists. Monday’s OPEC+ meeting reinforces our view that upcoming agreements will seek to align the market with underlying fundamentals and encourage future investment. Given heightened volatility and a further fall in oil prices since the cut was announced (Brent down 8% month to date as we write), we believe further intervention may be necessary and suggest a cut up to 1 million barrels-per-day may be needed to stem the downward momentum in prices and realign physical and paper markets which appear disconnected.