I can't see brent going any lower. The Saudi/UAE15 Jul 2021 10:29
argument seems to have been resolved, no chance UAE leaving OPEC as was feared. I think the Oil price will stabilise as there is no obvious reason for it not to. Easy to forget the EIA reports of oil stocks falling by 7m of so barrells every week in the USA. How strange the market is, or mad.
The oil price is what counts for oil Companies, strangeky enough and it's obvious to anyone the price will be high enough for just ablout any oil company to make HUGE profits for the forseeable future.
All IMHO.