CNBC Fast Money Halftime Report January 28, 2016
Opec. Heres where it is trading at this hour. Well off of its best levels. Its a gain of more than 7 today early on. So a 5 production cut. What does it mean . It shows you the power of saudi arabia in all of this. I remain skeptical of the whole story. Were already hearing that the iranians are balanceking. It tells me that we neared or are in the pain threshold zone. I still think we can go lower but its gotten their attention. Thats what i so you dont believe the story . You dont believe the headline . No. Do you think theres going to be an opek meeting . No. Maybe others are skeptical too....
Source: archive.org