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Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.
It turns out that only half of non-OPEC cut announced in the OPEC deal is real. The rest of the announced cut is the natural decline in production that would have occurred anyway without any deal.  Oil is falling as the smart money catches on to this analysis.
Long Term Trade: #USO Oil is higher on API data. The fundamentals that sent oil from $100 to $30 have not significantly changed, but sentiment has. The market is no longer fearful of a large collapse in oil, with confidence boosted by expressions of production freezes by
There is a single unconfirmed report that OPEC has reached an agreement to limit production to 32.5 million barrels per day. This will be finalized in the November OPEC meeting. At present, OPEC is producing 33.1 million barrels per day. The proposed agreement would reduce produce production by 600K barrels per day.
The Nasdaq ended lower for a fourth straight day on declines in Apple and biotech stocks. Upbeat U.S. jobs data pushed the dollar higher against the yen and gold declined. Treasury yields pared earlier gains on month-end portfolio adjustments, while oil soared more than a percent. Technical trade, long OIL or the EFT USO.
As oil prices plummeted in 2014, affecting everything from geopolitical relationships to the price of goods, our customers needed answers on developments as varied as key impacts on the global supply chain to the latest innovations and developments in renewables. Data from Thomson Reuters.
MSCI Asia-Pacific index up 0.7 percent China announces steps Monday to prop up sliding house prices Greek debt negotiations weigh on euro Crude sags as Iran’s nuclear talks deadline looms
Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.