The Pro BoardI was expecting crude to maintain a decent advance in June. After that appears geo-political tension will be only foreseeable catalyst to crude reaching $80. This report appears neutral as 2 days back price was June Nymex crude at $70.84 high and trading here at $70.86 as posting.
Sure refineries need crude crude to up production for gasoline demand entering July. So maybe stable, maybe up more with Iran. I will trade moreso the direction of price as Oil took a long time to get back to $70 benchmark. Likely a $60 - $80 range possible over advancing months with dip coming late June to August unless Iran agitates and stirs in Middle East.
I used to post here back when oil swing was a crash in 2008 and a crash after Arab Spring. IInbetween including past 18 months a good trade. Always a great board on discussion.
Glta Cheers Manx