RE: brent has turned bullish2 Jun 2020 12:48
We have no idea what the objectives of Russia are and indeed China, world reeling from a sucker punch right now. Oil is key to restart, but do some care if we restart slowly due to high oil prices. Remember 2008, oil rebounded to 147. Set the stage for collapse in 2014. I dont particularly care what the objectives are, but $100 is certainly feasible with shut ins and permanent losses. A nice spike would do wonders for TLW and PMO and ENQ.