UK cant afford $90+ OilPushing Oil higher so that Oil producers can afford another Bugatti is going to cripple the economy even worse than what's coming without higher Oil and usually, the one factor that's behind every market crash is greed. They have been saying that the Oil market is tight so taking out 2Mil bpd is going to be suicide for the economy. The economy needs lower Oil, gasoline, and diesel not the other way around, and as I've said many times it's the Oil traders who decide the price because there's no slide ruler giving us the exact formula for production vs price so Oil could get tighter but Oil traders can still keep the price under $90. Oil couldn't stay at $110 when Oil production was extremely tight and the economy was bullish so why would it stay at $100 in a global recession? We are only at the doorstep of a global recession so it'll be interesting to watch this play out over the month.
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