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Re: Oil at $61/bbl - Top THREE Reasons Saudis are keeping price down

Posted by SLRT on Wed Dec 10 18:51:40 2014, in response to Re: Oil at $61/bbl - Top THREE Reasons Saudis are keeping price down, posted by AlM on Wed Dec 10 18:10:18 2014.

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Which is why the Saudis will try to keep the price down until they achieve their goal or are convinced it's hopeless.

I've heard the Chinese are buying up the cheap oil to expand their strategic reserves from 30 to as much as 90 days. For "commies" they certainly know how to deal with markets.

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