WTI Cash (or Spot) Contract forum

mustafabeercan

37 minutes ago

Trump now talking about tariffs.. stronger tariffs restrict growth.

DelaneyFX888

1 hour ago

well i cant lie oil isn't for me its boring me to death haha catch you all in abit.

Charlie_Analyst

1 hour ago

OPEC+ will consider another big increase in oil production.

OPEC+ will consider extending its super-large production increase plan at its meeting next month, with Saudi Arabia, the group's leader, leading efforts to regain market share. The eight major OPEC+ members have increased production by 411,000 barrels per day per month in the past three months. Several delegates said the countries are ready to consider another increase in August when they meet on July 6. Despite weak demand and ample supply, Saudi Arabia still guided OPEC+ to accelerate its planned production recovery, an unexpected reversal that caused oil prices to briefly fall to a four-year low in April.
Current recommendation to short oil: TP: 63-60. . .

Trading is risky, please control it reasonably. Charlie will share more trading experience. Stay tuned.

mustafabeercan

1 hour ago

Further detail on the news break

OPEC+ is set to contemplate another super-sized oil output increase.

OPEC+ is set to contemplate extending its run of supersized production increases at a meeting next month, as group leader Saudi Arabia leads a push to recoup market share.

8 important OPEC+ countries have agreed on bumper 411k B/D increases in each of the previous three months. Several delegates, who asked not to be identified, said their countries are ready consider the same hike again for August when they convene on July 6th.