What is really the question is the volicity at which prices will correct, not wether these prices will be seen again which they will.
Repeating, the market cleared at those prices in very recent history.
The only thing that has changed since then are a few fund managers with a few billion bucks, looking for the next hot trade.
When oil is not hot, those players will not be there supporting the price.
end of year oil price predictions, page-15
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