I’d say Saudi controls the oil price but with current oil...

I’d say Saudi controls the oil price but with current oil inventory levels low and with Ukrainian war still raging moving into Northern hemisphere winter - it couldn’t look better for oil and Gas prices IMO. I really can’t see it dropping for a while with predictions anywhere from $97 - $130+ in 12 months time. I haven’t come across anyone predicting it be back at $40-$60. Even in recession it will weaken demand but most like just slow it’s growth. For oil demand to contract the recession has to be severe and I just don’t think it will be in the major economies with US expecting a soft landing. I look at unemployment rates and the UK and US have near historical lows. If people have a job with wages increasing due to competition for staff, it can’t be that hard a recession