Where is oil heading to?

[Captain1]

Re: Where is oil heading to?

@queer

i dont think there is any point in trying to predict where the price of anything is headed in the short term. but some incredible bargains in the entire energy sector right now.

See the point for “trying to predict”

@queer

and algorithm? i think its just simple supply and demand, with supply side being throttled by policy agendas. OPEC aka saudi is flooding the market, probably at US’ orders. but this can’t last forever. if you are the patient sort, buy stuff now, go through some pain while it might still bottom out. recovery, whenever it happens, will be steep.

Correct… the algorithm of supply and demand (mixed with geopolitics, taking market shares, pushing someone out of market etc.)