RE: No flights, transports restricted - Production is steady - Tragedy yet to come17 Mar 2020 14:39
Entirely possible to go sub £2. it's a perfect storm with COVID-19 and the Saudis and Russian oil "war" that conveniently hurts US shale. Of course none of this will last so it is indeed like catching a falling knife. I prefer the other way, although I may miss rock bottom by waiting for an inclination that the Russians and Saudis are friends (least for public eyes) the on-going crash in demand will give folk some time to get in. This could well enable you get a lower price than trying to pre-empt a swing. Plenty of hurt to come from Covid -19 yet, and that more reliable than second guessing the sheihks and russkies