RE: Oil demand prediction.14 Jul 2020 16:49
Yep.
I have bet heavily on it in Q2.
BP say $50/barrel until 2022 (Shell recently supported this prediction).
I think they've messed up big time.
I see it at least $70/barrel and wouldn't be surprised to see it go over $100 after that.
Some are even predicting $150 by 2025.
I can't believe that as it would further cripple an already crippled global economy too much.
Who knows though.
We live in strange times.
I already have Sells in place, starting at $70.00.
:)