MM119: When 'good' news is 'bad' news for markets & Are OPEC+ fighting a losing battle?
Market Maker
00:00
Oil's New Low for the Session
I wonder, with Saudi still like sitting a good $8 offside, I guess, their fiscal break even, how long they can keep this going. When does it become almost an existential threat? And they have to take action because their reserves are getting depleted. It'd be an interesting exercise to like plot that out over a long term. Just super short term, oil's just made a new low for the session. So it's actually now beginning to unwind some of that pop higher that we've had this week.
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