Analisa Harga Minyak Saudi 10 Mei 2017

Whatever It Takes. The Energy Report 05/09/17

Phil Flynn - The PRICE Futures Group - Tue May 9, 6:51AM CDT

The Saudi Oil Minister said he will do whatever it takes. Oil prices have regained stability after the massive washout last week. The selling drove oil to the point where we were either going back into a recession or at the very least at a point where shale would be in big trouble. The market, while still wobbly, found some comfort in the fact that OPEC and Russia has but all agreed to extend production cuts into the new year. In fact, the Saudi Oil Minister Khalid al-Falih, would do whatever it takes to end the supply glut and would extend cuts into the new year.