Don't you think the range for oil prices over the next year will be between $40-$60 a barrel? It's about $50 now, isn't it?
Oil is my achilles heel. I went long for the rest of the week or maybe just tomorrow.
Lord help me..I will probably lose !
I see $70 as a fair price for a growing economy. Most of the world is not growing (China’s numbers are always BS). But perhaps the US will start growing, I don’t know.
I am no oil man, but I would be hesitant to grow operations in marginal oil producers. Once bitten twice shy. Why invest if oil might tank sub $30? Why bother even restarting rigs?