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Doha accord: a sheep in a wolf's clothing

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 17, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The oil market treated the so called ‘Doha accord’ with the contempt that it deserved. I’m not saying that we didnt believe a word of it but its plainly a sheep in a wolf’s clothing. Unless you can stretch your belief that the production freeze is until the end of the year and that the most optimistic demand forecasts are genuine then its all in the Walter Mitty department. The market thinks, quite rightly, that Iran will demand existing quotas which even if they are not achievable right now

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