RE:RE:RE:Oil tanking and recession fearsbumping this... crude now below $90 or down almost 25% from the high last month just when rumours started circulating of $150 - $380. Never fails. When the media start pumping, that's the time to run.
flamingogold wrote: When we start hearing sky high estimates we know what usually happens.
EdPaquette wrote: JP Morgan released a statement today outlining a scenario where, in response to sanctions, Russia could cut oil production by up to 5 million barrels per day. If that were to happen, JP Morgan suggested the price per barrel for Brent crude would go up to $380 per barrel.