Oil prices SURGING after Saudi scheme

The Kingdom unilaterally cuts production ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ If gas prices go up, don't say you weren't warned. Saudi Arabia is cutting oil production - and it isn't even waiting for the rest of OPEC+. It will cut production by one million barrels of oil per day, potentially leading to a significant short-term price increase. Brent crude is approaching $77 a barrel as of this writing and futures are increasing. For those that watched my interview with journalist Seth Allen earlier this year - these prices should come as no surprise. [In this broadcast,]( I predicted production cuts - and the stocks that I believe will surge as a part of the coming oil boom. President Joe Biden is probably cursing himself for even trying with Saudi Crown Prince Mohammed bin Salman. Yet what happens in the long term depends on three key factors. - First, what the rest of OPEC+ decides. - Second, whether the Saudis themselves stick with this policy in the long-term. - Finally, and most importantly, how other nations' economies fare. Though the latest job increase seems to suggest the American economy is stronger than many expected, a recession later this year isn't out of the question. That will negatively impact demand for oil. The Chinese economy isn't coming back as quickly as many hoped. And already high energy costs are pushing some areas of Europe into recession. The good news for the oil industry is that these companies are cash rich after the record returns in 2022. Smart executives have already been preparing for this time of vulnerability. We will probably soon find out who they are... and who they aren't. Keep Moving, Corey Snyder Publisher, Rogue Investing Cuts to oil production are just one of a number of predictions I made during [this broadcast]( have already come true. This oil boom is coming, and I don't want you left out in the cold. Click the button below to get the information you need today to seize this historic opportunity. WORD ON THE STREET POTUS Signs Debt Deal, But Fitch May Lower US Rating Anyway - With Two Days To Spare - Markets are breathing a sigh of relief as they open this morning. President Joe Biden signed legislation Saturday that increases the government's debt ceiling and so avoids a possible crisis that could have led to a default. "The stakes could not have been higher," said the president. "Nothing would have been more catastrophic." Well, it would have been bad but... nothing? We have fewer problems than I thought. - Dude, Not Cool - Despite the end of the crisis, Fitch Ratings said it might still lower the U.S. government AAA rating. It said that the government is still in the danger zone "as we consider the full implications of the most recent brinkmanship episode and the outlook for medium-term fiscal and debt trajectories." The standoff itself may have already done the damage - Layoffs At Pixar - No happy ending at this animation company. The Toy Story maker owned by Disney is slashing 75 positions. Among those losing their jobs are two executives who were behind the spinoff "Lightyear," which was a box office dud. - IMF Suggests Fed Shouldn't Back Off - Investors are assuming that the Fed is done increasing interest rates. That might be a dangerous assumption, at least if the IMF is anything to go by. "We don't yet see a significant slowdown in lending," said IMF Managing Director Kristalina Georgieva. "There is some, but not on the scale that would lead to the Fed stepping back." HOT SPOTS: What's Going on in Geopolitics - Saudis Act Unilaterally On Oil - Saudi Arabia's Energy Minister said that his country "will do whatever is necessary to bring stability to this market" after the Kingdom unilaterally cut oil production. Oil prices were up as much as 2% going into this morning. - Erdogan Begins Third Term – Turkish leader Recep Tayyip Erdogan began his third term as president, taking the oath of office on Saturday. He promised his people a "Turkish century" and vowed to replace the current constitution. - China/USA Feud Over Warship Crossing - The Chinese defense minister accused the United States of pursuing "hegemony of navigation" with its "freedom of navigation" patrols. China recently sent a warship across the path of an American destroyer. Defense Secretary Lloyd Austin vowed that the United States would not "flinch in the face of bullying or coercion." CUTTING EDGE: What[']( Happening In Tech - T. Rowe Price - T. Rowe Price has marked down its stake in Canva by 67.6%. Canva has pushed back that the markdown is "inaccurate." - Dorsey Endorses Kennedy – Twitter co-founder Jack Dorsey is endorsing Democratic candidate Robert F. Kennedy, Jr. for president. He further predicted that RFK could beat both President Donald Trump and Governor Ron DeSantis. (No word on how he'll get through President Joe Biden first.) - More Than $35 Million In Crypto Reportedly Stolen - Atomic Wallet has received reports of compromised wallets, with as much as $35 million reportedly stolen. "We are doing all we can to investigate and analyze the situation," said Atomic Wallet. Some users claim they have lost their entire portfolios FOR YOUR CONSIDERATION --------------------------------------------------------------- Market sentiment is fickle. After every new economic report, consensus changes on whether we’ll see further hikes, pauses, or pivots.After Friday's massive rally and a blockbuster jobs report, we are at a turning point when it comes to market sentiment. But what - specifically - should investors be looking for? Dr. Brian Jones breaks it down. [BREAKIN' - DOWN OR OUT?]( Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. Let us know at info@rogueinvesting.com You’re receiving this email because you're signed up for alerts from Dawn Report. Make sure to keep them coming by [whitelisting Rogue Investing](. The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our [Terms and Conditions]( for more information. 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