Shrewdy,
Maybe MBS and Putin understood how painful this virus is...and is going to be. I am getting real worried about a total world shut down.
ps Don't believe Trump's claim it will be all over by Easter.
Best
to
you Shrewdy and stay isolated.
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Shrewdy,
Maybe MBS and Putin understood how painful this virus is...and is going to be. I am getting real worried about a total world shut down.
ps Don't believe Trump's claim it will be all over by Easter.
Best
to
you Shrewdy and stay isolated.
Corona invaded into commodity market as well.
Oil should bounce back in the second half of 2020. It can happen next week or next month too if corona statistics come true. I expect the average price of Brent at $35 to 40 per barrel in 2020. China is stockpiling oil. The United States also want to buy crude oil for the Strategic petroleum Reserve. Low commodities prices are boon for many industries.
https://oilprice.com/Latest-Energy-N...m-Reserve.html
I agree bermuda ... I'm sure your not to leveraged or exposed but I've certainly taken the losses and moved funds out from the energy sector ... going take some time to see crude demands back at longer term averages ..2021-22 etc ... I'll be very surprised to see Brent over $40bbl this year .. far too many energy producing nation's with excess supply..
Only hope is US Shale + Tar sands operations grind to a halt must be a list of bankruptcies coming 2H20 at these levels
Yeah wheres the excess production all going. im hearing about all those supertankers that are storing what, a billion or so barrels, and super con tango ahead. Interesting times and firsts on so many levels.
LOL and just like the end of the oil 'ego' price war ....
:cool:cc
Today the biggest day in oil price history ...
US oil prices fall into negative prices .. here I will pay you to take the barrel away....
https://www.google.com/amp/s/amp.the...ped-below-zero
:cool:cc
It hit -$40us totally unreal ... can not believe it...
:scared:cc