Originally Posted by
vaksedtothemax
finally someone makes a real prediction.. I’ll hold ya to it.. Just to be clear, you say furloughs or no furloughs? That was an original prediction.
mine is “in the $70’s, not $70.” All it’s going to take is some SoH announcement that will have an immediate 15% drop, again, just like last month. Ships are already heading to our Gulf of America ports. When the SoH is fully functional that will just add to the return of oil to markets. Between both locations, the rebound will be quick.
You do realize oil has already been selling for over $150/ barrel for weeks now? Well over $200 in some parts of the world. The futures price is not what you can buy oil for these days.