RE:If our crystal ball would only work..Looks like smallcaptrader has changed his tune. 4 dahs ago was this ..
On the road to $70 Oil
There is nothing bullish for Oil, not even a golden parachute to slow its fall. China is out and they're not coming back for months so Jan and Feb are a certainty that China won't be bullish and OPEC doesn't have their meeting till Feb so OPEC won't be saying anything bullish in the next few weeks and the economy is still heading towards a global recession so nothing bullish about that and Russia with their cap on Oil won't feel like they're missing out on higher Oil so they're not complaining and regardless of the reports Russia Oil is flowing strong selling Oil in the $50+ so when China does recover China will be buying cheaper Oil from Russia before paying our higher prices and Biden couldn't be happier with $70+ Oil after all months ago Biden came out and said that he would support Oil at $67 and will start an SPR refill program with $70 Oil.
Such a hypocrit.