Wednesday, November 30, 2016

OPEC Deal Agreement Table

Discerning reader may have noticed a lack of oil commentary the last week or so.
Our thinking was pretty simple (simplistic?), how the heck would our readers trade this mess:

When confronted with such things we default to Lao Tzu on Derivatives:

Those who know, do not speak.
Those who speak, do not know.
-Ch. 56, Tao Te Ching

Anyway....until the Dec. 9 OPEC/NOPEC meeting we're going to keep most of our thinking to ourselves although I will point out that WTI's failure to clear $50 is telling, $49.21 last.

For now the two most timely and topical commentators are probably the FT's Neil Hume and Reuters' John Kemp, from whom we lift the table: