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Market Warning: OPEC+ & Saudi Arabia just cut 1.16 Million Barrell Output, Fuel Prices will Jump!
1 year ago
10
Market Warning:
OPEC+ & Saudi Arabia just cut 1.16 million barrels a day in production.
This could, based on estimates, raise a oil by $10.00 a barrel.
This will cause a jump in fuel prices and cause additional inflation due to the increase at the pump.
Also, the 2-year bond spiked and now we could see a potential melt-up of the bonds. This might force the Fed to raise rates by .25 again on May. 2.
Fill your tanks up now. We just had a 40 cent increase in the last week. Probably see another one in the next few days.
_____________________________________
God bless.
Time is short.
Repent and get right with Jesus.
Jesus is the only open door to the creator.
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