Bank the cash
Opec can make or break whole economies. But its news is also a big deal for part-time day traders
Trading, as I see it, is about spotting an opportunity. But for me with oil, there's a fixed schedule of weekly events to choose from. My key plays are the Wednesday Energy Information Administration (EIA) reports offering data on US supply, the monthly market reports from Opec and the International Energy Agency and, of course, big supplier meetings—an Opec powwow or a Saudi-Russia bilateral. That was one of my favorite trades yet, playing both long and short positions within the span of an hour or so, entirely driven by real-time news—much of it coming via the #OOTT hashtag Lisa Ward and I started on Twitter last April. Trading Friday rig counts isn't what it used to be. The number release
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