..Interesting... On Monday, Saudi Arabia surprised the market - TopicsExpress



          

..Interesting... On Monday, Saudi Arabia surprised the market by raising prices for Asia and Europe but cutting prices for U.S. customers. Oil slid as much as $2 a barrel in late trade, and the sell-off continued Tuesday, triggering technical sell-stops. The Saudis have basically declared war on the U.S. oil producers. I think they believe that the only way theyre going to survive in the long term is to break the market in the short term.
Posted on: Tue, 04 Nov 2014 23:31:00 +0000

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