Tuesday, April 7, 2015
Oil Market: Fundamentals & Outlook
America is negotiating with Iran, that is why they got Saudi Arabia to dump their oil, to put pressure on Iran. Those negotiations come to an end this summer, we hope successfully. I suspect you will probably see a bottom in the oil market sometime soon.
The world is consuming more than it is finding, it has been for the last few years, except for fracking. But now fracking is not so popular as it used to be. I would not sell oil but my market timing is horrible.
Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).
at 2:56 AM