Goldilocks and Seeds of Wisdom Goldilocks posted links and commentaries: The big news of the day on the markets is… “Oil Powers Announce Surprise Cuts Of More Than 1 Million Bpd” These reductions include a Russian decision to extend a cut of 500,000 barrels per day. Despite US calls to increase production, this risk is adding fuel to the fires of inflation pressures in raising interest rates. “Saudi Arabia will cut 500,000 barrels per day, Iraq 211,000, the UAE 144,000, Kuwait 128,000, Algeria 48,000 and Oman 40,000, each country announced.” It looks like we have some signs of independence in…
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