It will be another wait and see game for the price of oil mid next year. I can see the rational for average 50+ during 2021. can not see low 40's. with vaccination being implemented the shut downs will become redundant . People will have confidence in travel and getting back to work. International travel will still have safe guards for a bit longer.
All this will be getting sorted while Kar are heading towards bigger production output. We took advantage of the virus start. Now seems we get further advantage with the time line of the recovery.
Moving away from 1.00 seem a bit slow at the moment. But that will change soon enough.
It will be another wait and see game for the price of oil mid...
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