RE:RE:Oil Price JumpAt $75 oil producers are printing money
we don't need oil to go higher than $80 - this looks like the upper end of the sweet spot, allowing oil producers to maximize profits, while not triggering recession/ inflationary pressures and where it's still keeps new drilling in check
while some here may be hoping for escalating situation in the ME, it is not something that would be good either on economic conditions or, more importantly on the humanitarian situation
lets hope cooler heads prevail going forward