Monday, June 5, 2017

Say What?!

Crude prices rose on Monday on the news Saudi Arabia, Egypt, Bahrain, the United Arab Emirates, and Yemen have severed diplomatic ties with Qatar, accusing the country of supporting terrorism.

Saudi Arabia says Qatar supports terrorism?!

That may be the most ridiculous, flagrant and cynical act of deliberate oil price manipulation I've seen yet.

...but hey, do what you will anyway.

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