RE:Drain the SPR and drain OPEC+I expect we see a substantial draw with this week's EIA report. Probably why Biden needed CITI to tamp down the price in advance through the political puff piece disguised as analysis.
Anyone see JP Morgan's counter analysis predicting $380 per barrel? Any guess which party JP Morgan sides with?
The true price of oil is somewhere between and likely closer to $120.
Diligent2 wrote: Do the above by lowering production a touch and watch the price hit , maybe 90 and bounce back to 150.