WallStForMainSt: Oil Market News (Saudis Now Say Production Back Online Faster) Giving Investors Whiplash

  • Wednesday, 18 September 2019 01:36
The last 4 days have been a crazy flurry of (often conflicting) news in the oil market giving investors whiplash and the symptoms that go with whiplash. Crazy volatility in oil prices and shares of oil stocks in just the last few days, both up and down, have given, investors, traders and speculators picking only one direction for oil prices and shares of oil companies fits and also probably losses. High frequency trading (HFT) algorithms are only making things worse and increasing the volatility. Today, the Saudis are saying that full oil production can be restored in a matter of weeks and not many months. So this conflicts all of the sources and oil expert information and analysis from Saturday through Monday. 1) Why Oil Prices Just Fell 6% https://oilprice.com/Energy/Oil-Prices/Why-Oil-Prices-Just-Fell-6.html 2) Exclusive: Saudi oil output to return faster than first thought - sources https://www.reuters.com/article/us-saudi-aramco-oil-output-exclusive/exclusive-saudi-oil-output-to-return-faster-than-first-thought-sources-idUSKBN1W21NO 3) Saudi Oil Outage Impact Not As Bad As Predicted https://oilprice.com/Energy/Crude-Oil/Saudi-Oil-Outage-Impact-Not-As-Bad-As-Predicted.html Also, there was a surprise crude oil inventory build today piling onto the bad news for oil longs https://www.zerohedge.com/energy/wti-extends-losses-after-surprise-crude-inventory-build Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 64 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**

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