RT Boom Bust July 13, 2024
Cant be sustained as the chart continues to make higher lows indicative of a bear market now that prices plunged again down over 24 percent hitting an 18 year low as the lock down to counter the pandemic resulted in an even greater demand shock than previously expected saudi arabia is contained just broad broad record high oil is of true 12300000. 00 Barrels Per Day over the upcoming months despite the slump in demand now as saudi and russia contain a battle for market share Goldman Sachs is forecasting a full to as low as 20. 00 in the 2nd quarter there doesnt seem to be anywhere to hide in t...