RE: Maths DYO 22%6 Jan 2021 03:44
Personally I think it's positioning itself for a small break out and re-rate. There may be idiotic sellers in place who are manipulating and making small gains but they also should see beyond this and start to support an upward movement. It's in everybody's interest. There will be Substantial global oil demand improvement in 2021: COVID-19 made 2020 one
of the worst years for global crude demand in modern history—oil consumption dropped by
around 8.8m bbl/day, squeezed by economic fallout from the coronavirus and the lockdowns that were
imposed in many countries. Now with Vaccine roll out's underway I would see $55/ 55.50 a Barrel by the end of this month alone.