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Title : More Saudi Smoke And Mirrors -- June 14, 2017
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More Saudi Smoke And Mirrors -- June 14, 2017

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Saudi to target US shale? Saudi Arabia and other producers are frustrated that growing U.S. production is hurting the oil market. Saudi Arabia is said to be considering holding back exports into the U.S. Link at CNBC. Reduced exports would show up in weekly US government data and send a bullish signal to the market.

Wow -- Saudi should have done that from the beginning instead of flooding the US with crude oil from their "storage tanks." By the way, this may be more smoke and mirrors: during the summer, Saudi exports less oil because domestic demand is greater during the hot summer months.

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