AMEX:GUSH   DIREXION SHARES ETF TRUST DAILY S&P OIL & GAS EXP & PROD BULL 3X
Over correction to U.S. allowing Iran to export oil for 6 more months. Saudi Arabia meets with Russia. Russia has a budget surplus and Saudi Arabia potentially nearing bankruptcy in the next 2 years. U.S. pulls out of Yemen and Syria. Trump's arms deal not finalized. Saudi Arabia budget seems lofty. Saudi Aramco delays IPO . Expect more financial stress on Saudi Arabia as all these factors compound. Expect a return to $40 levels as SA and Russia cut oil productions and Iranian Embargoes go into full effect.
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