RE: Pathetic14 Feb 2019 09:50
Hawkey, it's hard to think brent will break above 65$ and hold. Something major will need to happen like sanction wavers being revoked to drive the price above $70. (Not that I believe in sanctions which only result in people starving to death and all sorts of social issues, so not something I wish for at all so I can make a few bucks. not my way of thinking or my belief system.) But back to the point, appears like oil on purpose is being driven low. Can you imagine last year if this Venezuela situation happened, oil would have shot up to $100. Also high dollar doesn't help either along with fatso and china situation which still hasn't been resolved.