RE: Halifax27 Sep 2021 18:08
Bigbadbaz.
In time. I expect Biden to phone the Saudis and put out some sort of announcement, but OPEC, led by the Saudis will be in no rush. I suspect oil will be over $77 for days, if not weeks yet. The API and EIA reports, if they keep coming in as draws will pump the price right back up. In fact with the seemingly massive rise in energy consumption those reports might just push the oil price over the $90 Goldmans commented on.
All eyes on the API and EIA reports I think.
All IMHO.