Price of oil will go lower IMO.
OPEC pumping, Russia pumping, North Sea (maersk etc) pumping, US pumping, bloody Iran in and they don't care if oil sells sub $30, they are happy to be basically pumping in lieu of nuclear program and sanctions lifted.
I have WOR, I will say unfortunately. I was hoping OPEC would see an agreement to halt production to improve price. Saudis are in trouble apparently, price wise, Brent producers in trouble, rough necks in trouble in US.
It is a game to see who can handle the biggest loss.
One thing that bothers me is in Sydney petrol jumped up, oil at 6 year lows and petrol still goes in "a cycle of ups and downs". Load of crap.
IMO etc
srm777
hold my hand i'm dying, page-13
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