By EconMatters
OPEC did such a good job of putting many oil traders on the wrong side of the market for the last month, this short squeeze could go for a while. There is a lot of money positioned in the oil market for the deal not getting done!
https://www.youtube.com/watch?v=ZceUwCfQpvY
By EconMatters
So let me get this straight a $1 difference in the oil price means an additional 1 Billion extra to Iran and Iraq`s annual oil revenue and they are fighting over a measly 200,000 barrels per day oil production delta. OPEC has to be the most incompetent organization on the face of the earth! Split the freaking difference people, and move on!!
By EconMatters
In this video we discuss the latest posturing ahead of the OPEC Production Cut Decision, and the associated consequences for the price of oil based upon another failure out of OPEC. Your right Saudi Arabia you don`t have to cut, see you at $38 a barrel!
By EconMatters
We discuss the Gold Trade in this video, as it is actually a part of a much bigger trade that is currently taking place across multiple asset classes in the markets. At what Price Point do Physical Buyers come into the Gold Market?
https://www.youtube.com/watch?v=0xRFYW2kikQ
By EconMatters
We discuss the idea that nobody else has thought of regarding how OPEC will actually hurt the Shale Industry by making all those financial hedges punitive, i.e., lose money above $52 a barrel on the front month with corresponding forward curve hedges all losing money for Shale Producers.