From Bloomberg, in an interview, they said Saudi/opec will cut production as their inventories are building. Also cut shipping of 500k bbl/d.
Price will be corrected, both upside and downside. The big traders create wave so they can control the market.
In long term, new investments is still not here, and the gap between suppyand demand can not disappear by itself, even with new energy vehicles, which is still at very low production output.
Oil price news, page-41
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