KarmaPersonal attacks will only affect your bottom line. my forecast is for sudden supply deficits to come about or opec actually does something to support oil next meeting. Oil will be back to 50 soon enough with baytex in the mid 6 range. Back to 8 might take until the end of the year. But that's only my take on the market at the moment. Also when this rate hike nonsense is over the dollar should finally tank creating another bullish event for oil. Just like last time they raised rates. Initial spike up of the dollar then a slow slide with commodities slowly rallying up.
But then again maybe not
cc