CVX selling $15 bil for starters.
The dollar right now is the wild card. The Euro could dip to 0.90 or less. Each dip of the Euro is a drop in oil price in the last two weeks.
As noted, the spread to Brent for WTI is historical and indicates shortage there and excess here...and the dollar?
What is “interesting” is that how the price at the pump keeps going up.
Panic is the order of the day. They say it is always darkest before the dawn. I wonder it is midnight yet.
Yes, that 'is' interesting. More so if you consider the causation for that this time around is entirely predictable.