RE:RE:Why is oil price going down?Thanks Juve, I understand that. I smoked a legal joint and i am getting clarity ! Read on, I write on and with truth.
I think purchasers buying oil futures expected resistance around $65 and are waiting it out until the market shows a clear direction.Like a game of chicken. If the markets are manipulated by the arabs then they want to go slow and keep the price around 65 for a while so that the shale crazies increasingly abandon plans to start up again. Opec+ like russia and SA are the ones shooting down or up the price in early morning so they can counter american volumes either way. Keep it at 65 that is the neutral zone where no one does anything, it is like just waiting between storms- investors, opec members, shale conmen, oil buyers, analysts, gamblers, you , me we are all wondering because it could go either way, but I know - this is just an arab pause , a break and when we get sleepy the rain of money will fall on them because then they will strike and oil will drip from their mouths insanely laughing.
I hoe that Covid will be over soon too.