Interesting to see OPEC increase oil releases again. Most likely...

Interesting to see OPEC increase oil releases again. Most likely to ensure that oil doesnt get too high to allow shale oil producers in the US to become profitable enough to recommence their operations which had also put a cap on higher oil prices and were closed last year when oil slumped with COVID and panic selling. Today we see a bit of profit taking in the market which is a healthy pause after such extreme over valuation. Given the amount of stimulus out there it is hard to see this becoming a major so it as yet and is merely a reaction to UK reopening and fears of another COVID wave. Considering we add 1 billion population every 10 years it won't really be an issue for finite resources that will continue to reflect supply and demand constraints. Be patient and don't panic. Dont over invest and take advantage of the fear out there at present if your situation permits.