RE:RE:Hedge funds buying oil, just like I said they wouldMarkets are forecasting growth and inflation in 2021 which is why oil is trading higher. However, the fed keeps pumping money into the system and the only thing being inflated are the markets....ie...stock..housing..commodity....
IMO....There's no velocity of money on main street which is why ..IMO...Were headed for deflation, not inflation which will drive down all hard assets, including oil, gold , silver ect..... ...Will be a great buying opportunity for pipe if she goes down with oil prices.....Because inflation and money velocity will return later in 2021