https://finance.yahoo.com/news/crude...221527150.html
crude down almost a buck, $17.3x.....supposed production cuts by SA & Russia still a couple weeks away. Looking for $12. Sour grades are selling for $2 last week and will maybe go negative soon. Looking for USO $3.50 and OIL possibly to $3.00. Looking for some more shoes to drop in the shale patch, Ch. 11's & 13's b4 May.
WTI $12 will rebound to $25 this summer at least, with $40 in the cards if the stars align.
OIL could rebound from <$4 to >$7-8 in a couple months this summer as demand comes seeping back. OIL Sep $8 calls are 15c. OIL Jun/Sep $8 call calendar <5c.
crude down almost a buck, $17.3x.....supposed production cuts by SA & Russia still a couple weeks away. Looking for $12. Sour grades are selling for $2 last week and will maybe go negative soon. Looking for USO $3.50 and OIL possibly to $3.00. Looking for some more shoes to drop in the shale patch, Ch. 11's & 13's b4 May.
WTI $12 will rebound to $25 this summer at least, with $40 in the cards if the stars align.
OIL could rebound from <$4 to >$7-8 in a couple months this summer as demand comes seeping back. OIL Sep $8 calls are 15c. OIL Jun/Sep $8 call calendar <5c.
"If The Fool persists in his Folly he will become wise." - William Blake