RE: Back in17 Apr 2020 15:48
Laid back I think we will get a whopper and hence why anyone short will be closing and buying before thursday.
Last rise from from earlier in the month was 200% - same again is quite possible.
Remember when morons talk about oil prices we have a B/E cost at $35.......Brent is $28 yes, however 60% of production is hedged at just over $57 for 2020 and we have 40% at $52 in 2021. We can see this storm off and when shale capituates and cuts kick in and lock down is phased out oil will head back up and a range of say $45-55 is likely.