hang in there.... we will have a war in the middle east soon..
not intended as investment advice... nor to be taken as same
factor in the billions of bbls of oil israel found in the golan and there is more supply... at what cost..?? the saudis are using sophisticated recovery methods and the wells are starting to fill with salt water... plus the house of saud could be eliminated and iran (russia)/proxy could take over... Suppose opec just simply agreed to raise its price... do yo think the majors woudln’t go along..?
factor in the petrodollar may be removed as the reserve currency and who knows.
and finally commodity prices are manipulated by major bankers gunning for glencore and want to take em out...which will have an untold effect on stocks, currencies and world of finance... a house of cards...
why is the physical price of precious metals up to 50% above the “market price”.... why is the sky blue...
it does look like oil ahs firmed, but who knows about $70..
good luck
They haven't put an actual number of technically and economically recovered, that I have been able to find. If you have other info, I would appreciate the link.