RE:RE:PriceSee the bigger picture like I am. When it goes down buy it and when it goes up sell. The swings are worth the money if trading 1000+ shares.
Oil is manipulated by the US at this time but it is costing them Billions to do so and the rest of the oil industry knows this. Everyone is waiting for 2024 elections. If Biden wins, more of the same and everyone hopes he croaks in office, if he loses then oil goes up and USA makes money again instead of losing it to keep one idiot in power.
Note the low price of oil does not hurt the oil companies in US because the reserves are being given away to them so inflation stays down for now. The collapse of the US economy is imminent if not already in progress.