01 Dec, 23

Why Did Oil Drop on an OPEC+ Output Cut and Will the Selling Continue?

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Over the last twenty years or so, I have spent a lot of time teaching and mentoring aspiring traders. During that time, I have heard a lot of questions, but the most common one by far is why markets move in a counterintuitive direction after news. Normally, those questions are about stocks after earnings releases and the answer is often quite obvious. It may be that an EPS beat was achieved on lower than expected earnings, or that the numbers were boosted by a one off item and the adjusted number is actually lower than forecast. Or it could be…

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