POO will bounce back hard.
When was the last time the POO sank during an international crisis which threatened supply?
The Saudis are doing this in the short term as a favour for their US sponsors in their battle with Russia.
The POO would otherwise be 120 bucks by now.
This won't last long, but who knows when it will bounce?
Anybody know where I could get information on barrels of global production per day?
SXY Price at posting:
39.0¢ Sentiment: None Disclosure: Not Held