I predict the price target for oil is around $50 per barrel. Might swing a bit lower and then there will be times it spike well past that. It’s all manipulated, and now that the frackers are all but out the ability to manipulate the oil market is re-strengthened back to where the money managers like.
I think u got that backwards. The Saudis manipulated the oil market, the frackers cut into Saudi exports. We actually were energy independent for a while there but at these low prices frackers lose money drilling so they shut down.