Loading ...Do you get the impression that the Saudi’s and other resource-based countries are about sick and tired of Wall Street setting the price of REAL GOODS, with a phony paper market played with monopoly money?
Very much so….I think we have a real war on in the mkts, ….Opec know full well that Wall st/west have played them for mugs and in the past they never had the discipline to take them on…that has all changed with MBS taking over in Saudi and Vlad showing them that they can keep prices high…..they also realise u don’t mess with Vlad.
Plus I have read that the Saudi’s for one need oil near $ 100, to pay for all their spending at home, which they do to keep the population content.