Thursday, January 28, 2016

Buyers and Sellers of Opinion Often Leads to Frustration and Loses

Investors should be listening to the message of the market (Reviews of Crude Oil) rather than what an oil-producing country 'thinks'.  Buying focused down impulses generally leads to frustration and losses for the bulls.

Headline: Iran says low oil prices will not last long

PARIS (Reuters) - Iranian President Hassan Rouhani said on Thursday that oil prices would not stay low for long as producers restore market balance.

"The price of oil is at a low level ... I don't think it will last in the long term ... The pressure on oil-producing nations means balance will be restored in the short term," Rouhani, whose country is the third-largest producer in OPEC, said at the French Institute of International Relations.



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