RE: Arthur & Timing25 Nov 2018 09:16
As soon as the oil price shows some volatility the pundits are straight on it with the same volatility.....$150 dollar oil then $30 dollar.....They know **** all.
Saudi's and the rest of opec don't want another oil price collapse like 2014 as they got well and truly roasted.
They will manage it more carefully this time, trying to get it at just the right point to make shale oil not really proftable and to maintain a sufficient income for many of their TOTALLY oil dependent econponies.
I think stability around the $70 dollar mark should and will do........but WTFDIK.