Its just market games5 Jun 2018 15:46
Oil is heading up, by next year, end of. It is NOT heading to 40
Saudi Arabia is not going to let Brent fall to $50-60 just before Amarco IPO.
All Opec are doing are making sure Oil dosen't shoot all the way up to $100 before Amarco incase demand decreases
Is there downside in the short term, YES, maybe next few months Brent ranges from $70-75 but closer to Amaraco IPO Saudi will want $80 + ($85+) brent