● Let's go back to earlier this year, GS said oil to 150 then 200, and it is to 147, after China entered to buy lots contracts at the top. MER before says it is 50 target when oil was around 70-90, now 45.
They are big players, must be careful.
○ Don't listen to those bull-shit. Remember what they predicted about POT, GOOG, oil, gold, X, etc? If you had followed their advices, you might have lost all your money.
● When big MM speaks, should listen and think
● Does USO track oil or Oil stock/fund? Thanks.
● OPEC's most influential member, Saudi Arabia, said at the weekend that oil prices needed to return to $75 to keep the more expensive projects at the margins of world supply on track.