OPEC's direct or indirect submission to the cruelty of the market and has to bow the rule of
oil production control and I do not think they will cut down the production, will try to stabilize it at a particular level and allow things to settle and roll on its own.
Other wise below 35$, higher local discounts will mean the oil around 32 -33 $.
Many economies thrive on oil and to kill US Shale oil they cannot suffer.
At my personal thinking, even at the worst level Oil will not go below 35 $.
All calculations can point towards a direction but cannot pinpoint anything, but at sometimes..
From 37.50,,,,36.89...,36.28,....35.68,...35.09....34.50.
I am planning to buy in spot and hold.
I think the risk is worth.,
oil production control and I do not think they will cut down the production, will try to stabilize it at a particular level and allow things to settle and roll on its own.
Other wise below 35$, higher local discounts will mean the oil around 32 -33 $.
Many economies thrive on oil and to kill US Shale oil they cannot suffer.
At my personal thinking, even at the worst level Oil will not go below 35 $.
All calculations can point towards a direction but cannot pinpoint anything, but at sometimes..
From 37.50,,,,36.89...,36.28,....35.68,...35.09....34.50.
I am planning to buy in spot and hold.
I think the risk is worth.,
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