13
Oct

Wrap – Week Ended 10/12/18

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Questions and comments under The Wrap will be addressed in the Monday Post. 

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3 Responses to “Wrap – Week Ended 10/12/18”

  1. 1
    zman Says:

    In response to threats to punish the KSA

    "The Kingdom affirms its total rejection of any threats and attempts to undermine it, whether by threatening to impose economic sanctions, using political pressures, or repeating false accusations," the official Saudi Press Agency (SPA) quoted an unnamed official as saying.

    "The Kingdom also affirms that if it receives any action, it will respond with greater action, and that the Kingdom's economy has an influential and vital role in the global economy," 

  2. 2
    zman Says:

    Interesting reading to go with #1

    https://english.alarabiya.net/en/views/news/middle-east/2018/10/14/OPINION-US-sanctions-on-Riyadh-means-Washington-is-stabbing-itself.html

  3. 3
    robert chen Says:

    Seems like we'll see a bounce in oil with the KSA headlines, but it seems difficult to move back above $75 unless the overall markets stage a huge rally

    If we have another weak inventory report this week…I will be very concerned about how sentiment will switch

    On a side note, CPE held up extraordinarily well this week on strong volumes….wonder what's going on "behind the scenes"……its been staging some furious intra-day rallies (moreso than the other names I follow)

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