Well yes I thought it would tank sooner than now, but seems the OPEC intervention in NOV has been the catalyst to rebel the oversupply issues.
The issue now will be as the US producers increase new output levels, if OPEC deal structure is not fulfilled by the big producers, then unraveling will occur, and oversupply again an issue.
Reliance on Russia and UAE to conform is always a worry, I still see trouble ahead IMO and back into $40's.
88e Long Term Investors Group - Questions for Dave, page-18
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