Another pullback to test new lows coming!!!!!
With electric cars, green energy projects everywhere, and groups against fossil fuels protesting goverments, oil has many hurdles to overcome. This coupled with many countries teetering on the verge of bankruptcy and the woes of brexit not fully realized yet all add to the tremendous amount of uncertainty.Many companys and countries are waiting to increase oil production when and if oil prices rise which will only acerbate the situation.Opec members will soon go against ANY agreements put in place when and if oil did rise,because that is their nature,and just the way they are.I am not sure if price manipulation by opec should even be allowed,if so why cant or will food prices be next? Corruption is rampart in this world ,but oil companies have been gouging for years,and because so many has gotten in on the act,prices just naturally tanked.I could see the twenty dollar barrel before next spring,theres a hard winter coming.! !!!!!