I sold on Friday when the Riggings count count came in on Friday morning 4am at 193...the oilers must be under a lot of financial pressure along with Libya ramping up its main field...I think this panic to pump more oil is more about political risk than the actual demand...allbeit Covid now worse than it has ever been anywhere in the world apart from here in Australia...banks for some reason are calling in their money...which makes me even more nervous...I think buying in between the $2.50 to $2.60 point is more favourable at the moment...never the less...for long term holders this is a mere blip on the radar...which may be longer than what was expected....
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