So much for the "skipping stone" analogySo according to this article posted today at 6:00 p.m., Oil has already peaked and is in the process of doing what they call a "skipping stone" movement with each high slightly lower.
EXCEPT THAT IT JUST BROKE ABOVE $78 which puts that analysis to rest 4 hours later. So much for analysists...
https://oilprice.com/Energy/Oil-Prices/The-Case-For-50-Oil.html