The price of Brent has gone up and we can expect an increase concerning other commodities. At sight if this agreement sticks and shale oil in the US is not increased we can really see smiles on oil producing countries including Russia. OPEC has shown in the past that it can unravel markets, bickering amongst the OPEC community was and is the norm,ect.
So how do we hope that this deal does not undo on the gold carpets of Vienne due to political infighting,overriding ambition, geo-hegemony and painfull tears.
Well to believe in this deal ,markets and oil producers must have the stamina to endure and digest what the global political/economic agenda in the next six months see fit to consume .The US Trump administration together with Iran and Saudi Arabia must act logic in the middle east.Any diverse rhetoric behavior will have a negative effect on this agreement showing severe ramifications worldwide.
OPEC have a steep uphill journey with a bumpy ride back ,if these members cannot deliver now, gold will become a stable commodity.
Sharp Mountain Conferences
27 Feb 2017