RE:Oilprice.comNot entirely true...many catalysts for oil to go up...namely unexpected events.Biden said he would replenish stocks ( sometime?)..the Saudis may cut output,unexpected drawdown,talk of driver increase,..it goes on and on.
The problem with forcasts are that they are completely useless.
If we take a second and think about it...all these analysts should be multi billionaires..simply because with their infinite knowledge, they would know exactly when to short oil,and know exactly when to buy it.
But they're not rich,because they are just sadsacks that know nothing lol.