Big note out this morning from JPM calling for oil to go >75 on the basis that underinvestment into production will ultimately disrupt the supply and demand balance.
On top of that , my own personal thesis is that OPEC will use their cautious stance to restrict oil supplies to make sure they get as much money as possible before 2030(as countries go for net zero).
1billion COVID vaccines was hit this weekend = we are opening up.
I believe opec will wait until economies are back to almost normal and then rip the oil above 100.
PB
Big note out this morning from JPM calling for oil to go >75 on...
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