Oil prices surge after surprise Saudi production cut
‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Well, I suppose we got our answer on whether Saudi Arabia was going to move back towards America. The answer is definitely NO. The Kingdom led an effort by OPEC+ to cut oil production by more than one million barrels a day. That's already having a big impact on oil prices. And it's something I talked about in my special presentation on the future of the oil market. If you missed the video event with Emmy-Award winning journalist Seth Allen, be sure to catch it [here](
). [The stakes could not be higher.](
)
Even as this is written, Russian forces are claiming to have captured Bakhmut, and the world is still waiting to see if China will begin to aid them more openly. Saudi Arabia's decision to cut oil production is genuinely shocking, because it shows the American-led world order isn't remaining stable even as Russia stumbles. Get ready for what's coming next - because if this trend continues, it's taking down the entire global economy with it.
The only thing going up will be oil prices... and prices at the pump.
Keep Moving, Corey Snyder
Publisher, Rogue Investing WORD ON THE STREET Oil Prices Surge, WWE Sale, TSLA Deliveries Up - Et Tu Saudi Arabia? - Surprise! Oil prices are up! Saudi Arabia, the UAE, other other powers are cutting a reported 1.5 million barrels per day - starting today. The shock move from OPEC+ looks like a way to help Russia boost oil prices and also deliver a major diplomatic check to the Biden Administration's geopolitical efforts. - "That's Ari Emanuel's Music!" - World Wrestling Entertainment (WWE) will reportedly be sold to Ari Emanuel's Endeavor, the owner of UFC. The UFC/WWE titan will be a major force in sports entertainment, with iconic founder Vince McMahon having bounced back from a scandal and expected to retain a major position under the new regime. WWE has been up big this year. tfw you come back from a media nightmare and make even more money - Major Year Over Year Increase - Tesla (TSLA) reports a 36% increase in vehicle deliveries last quarter compared to the same time frame the previous year. "We continue to transition towards a more than even regional mix of vehicle builds," the company said in a statement. - UBS Cut Cut 30% Of Jobs - It's not a good time to be a banker at Credit Suisse. UBS is reportedly planning to lay off more than a third of the Swiss banking giant's staff as it prepares the new regime. Credit Suisse almost failed last month, requiring a major rescue and UBS stepping in to save the bank - and potentially the entire financial system. HOT SPOTS: What's Going on in Geopolitics - Russian Blogger Killed In Bomb Attack - Russian military blogger Vladlen Tatarsky was killed in a bomb attack in St. Petersburg. He was reportedly killed by an explosive concealed within a statuette that he was given. At least 32 other people were injured. - Wagner Claims Bakhmut Capture – Well, we've heard this before. Nonetheless, Russian military corporation Wagner claims to have captured the center of the city of Bakhmut, now the most grueling battleground of the war. Wagner head Yevgeny Prigozhin raised a Russian flag on an administrative building and said that "from a legal point of view, Bakhmut has been taken." - Finnish Government Goes Down To Defeat - Just days after clearing the last obstacles to joining NATO, the Finnish government has been voted out. Prime Minister Sanna Marin admitted defeat as the center-right National Coalition Party and nationalist Finns Party both outperformed the Social Democrats. CUTTING EDGE: What['](
)s Happening In Tech - SpaceX Launches 10 More Satellites - A few days after Virgin Orbit (VORB) shut down, SpaceX is surging on. In its latest mission, it delivered 10 military satellites, a constellation built by a division of the U.S. Space Force. SpaceX is also moving its "StarShip" closer to a launch site in preparation for a major test. - Italy Blocks ChaptGPT – In response to an order from Italy that OpenAI can't use Italians' data, the service is now blocked for users in that country. Subscribers are also getting their money back. However, OpenAI says it is temporary. Maybe they know something the Italian government doesn't... - Musk Takes On New York Times - Elon Musk removed The New York Times's "verified" checkmark on Twitter after the paper refused to pay a small fee every month. "Their propaganda isn't even interesting," Musk tweeted. As you might expect, The Gray Lady is big mad over all this FOR YOUR CONSIDERATION ---------------------------------------------------------------
"It would be like betting on which Marvel character is going to get killed off next."
The WWE is on the brink of a radical change. And so its sports gambling... but can you bet on events that are literally scripted? Wait, that's Mr. X's music! And he's here to explain what's happening in sports entertainment. [THE STARBUCKS LABOR BATTLE WILL SPREAD](
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