RE:Pemex, Libya, hurricane. Oil prices will rise at some point
Market price is market price but it's really hard to believe that the market isn't rigged when a bunch of market production is removed and the price drops.
I guess patience remains paramount.
glta
bosstrade wrote: Pemex fire, minus 400 k and still not fully reinstated. Libya lowers output because of funding. And osome 90+% of gulf oil off line. A bonus is Shells rig floating off into the sunset.
It will comical if traders can keep it down. Covid can put the fear in traders but with continued draws, it will be only a matter of time until it rises.