Share Price Catalysts, page-1782

Suggest we recall how the price of oil tanked into June 2020 due to the uncertainty about covid. No different now in a way. the current price represents speculators view as to the high uncertainty of the price in the next few months. Speculators trade derivatives and are highly leveraged to profits and of course losses if they have it wrong in their trades which have relatively short expiry dates. The oil price will 'thrash around' while the uncertainties abound. European countries will definitely need some oil into next year and beyond.