08.04.2016 - OPEC's political agenda and the price of oil
Because we trade ProShares Ultra Bloomberg Crude Oil and ProShares UltraShort Bloomberg Crude Oil as that relates to West Texas Intermediate (WTI), and because the words of OPEC largely influence those prices, the politics surrounding oil is immediately entertaining, and of special interest, to me. In this case, I'm talking specifically about Saudi Arabia and Iran. Of course, there's more going on in the oil space than just what we're seeing from these two countries, but the price of oil has recently been influenced what Saudi Arabia has said about participating in a production freeze when OPEC meets with Russia on April 17...............................................Full Article: Source
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