Saudi Arabia Has Only One Objective: Higher Oil Prices at Any Cost!
Saudi Arabia Has Only One Objective: Higher Oil Prices at Any Cost! For now, they have achieved their objective, showing President Biden firmly who is in charge. Mar 05, 2021 | 10:00 AM EST If one were to look back one year when WTI oil prices traded at -$40/bbl., one would never have imagined to see WTI trading closer to $65/bbl. today, back above the level before the March Covid crisis. This is what happens when a market that is controlled by three nations, Saudi Arabia, Russia and the U.S., one of which does not rule logically but emotionally constantly surprising the market, more ...
Source: thestreet.com