Collapse in POO since July has been massive. A week ago WTI dipped below $45. It's very early days but WTI currently just under $49. Each dollar rise equals 2% and it makes a massive difference at the margin. Still reckon crude can settle into a 55-65 range which is heck of lot better than 45-55. Meanwhile, IO looks cooked along with coal.
Collapse in POO since July has been massive. A week ago WTI...
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