http://www.bloomberg.com/news/artic...russia-agree-oil-output-freeze-in-qatar-talks
Above is a link to an article from 12 Feb of this year detailing how Russia and Saudi Arabia had agreed to an oil production freeze. Oil prices rose as a result.
It was subsequently established that both Russia and Saudi Arabia had increased oil production.
Now the news is that Russia and Saudi Arabia have agreed to....an oil production freeze!!! Oil prices are rising as a result!!!
I am standing by for the following developments in 2 months time:
1/ It'll be established that both Russia and Saudi Arabia have increased oil production.
2/ Russia and Saudi Arabia will agree to an oil production freeze.
3/ Oil prices will rise as a result.
