Another non-deal crushes oil

Advertisement

Here is today’s oil manipulation from recidivist offender Axios. This is the sixth deal announcement with no deal.

  • “This is an agreement to get everybody to the table. We will work out the details in the negotiations,” one of the U.S. officials said

Behind the scenes: U.S. officials said terms of the deal were mostly agreed to as of Tuesday, but both sides still needed approval from senior leadership.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.