...once promoted by newsletter and share trading system, they didn't say to hold it indefinitely.
...and when the company's CEO makes silly forays at this point of the cycle, you can expect the company and its shareholders to pay enormously. Oil set for deep weekly loss
Bloomberg
Oil is poised for the deepest weekly loss in almost a year on persistent concerns about soft demand and ample supply, even as OPEC+ delayed a planned increase in output by two months.
Brent crude edged higher toward $US73 a barrel on Friday, but is down nearly 8 per cent for the week, with West Texas Intermediate near $US69. The alliance won’t boost output by 180,000 barrels a day in October and November, OPEC said in a statement, although its plan to revive 2.2 million barrels a day over the course of a year remains in place.
Oil has trended lower since early July on demand concerns from key consumers, particularly China, and signs of rising supply from outside OPEC. Timespreads also indicated weakness, with their bullish backwardation structure narrowing sharply, although recent disruptions to supply from Libya have partially offset the price declines.
