Nightly Trading Discussion - (October 16/17)

So oil prices are elevated partly because of the Saudi situation. Who is incentivized to resolve this situation quickly and lower a perceived risk and bring oil prices back down?

Saudi Arabia is benefiting from selling and hedging the current higher priced oil right now while this rift and nervousness goes on. As is Russia. As is every indebted oil producing country and company. Even the US's heavy indebted oil industry is benefiting from the higher prices right now.

If the oil market is going to play their games. This is exactly the type of situation ripe for misinformation and manipulation.

I can't trade CL or Brent like this. I have no idea what's going on or what tweet might swing things in a direction I don't expect.

Anyone still in this market? Are you ignoring geopolitics and focusing on supply? Or you have a thesis how this might play out?

/r/thewallstreet Thread