RE:RE:RE:Oil likely to trade $85-$90 ....Riski, you are the voice of reason on this board, bar none. Cheers.
riski wrote: China slowing is now officially a meme. Western mainstream media (probably receiving incentives from Biden and his buddies) have published a "China slowing" article once a week for three years now. It's just like background noise at this point.
There was an interview with a China economic government official a few months ago and he was asked why their economy has been reporting such weak data and he was perplexed. He had to ask for the question to be repeated and then indicated that China is one of the fastest growing economies in the world with increasing growth in the past few months referencing various data points.
Be careful what you read and believe because entire nations including the mighty USA have enormous financial and political stake in trying to keep oil/gasoline prices low.
Lina_Casa wrote: Amazing how the narrative and sentiment can change on a dime. One week over supplied and then next week we are running out.
Don't get caught up in these headlines. Don't get excited and don't get down when things reverse and they will. The big players push the price down with all the negative headlines and then reverse the story and profit on the way up. I don't trust the supply and demand numbers, China slowing, bank/fund forecasts or any "expert" of the day on T.V.