Wednesday, May 31, 2017

Doesn't Matter, I'm Still Bearish On Oil

Oil surges after Saudis and Russians agree to production cut

All seemed quiet in the markets Monday with Asian equities rising, European shares dropping, and the S&P500 futures showing little change. But beneath this calm exterior a long awaited bounce was brewing. Brought on by months of planning and machinations involving more than a dozen governments with two leading the charge. The long anticipated agreement between…