Oil will continue to drop – Saudi Arabia slashes crude oil prices

https://www.bloomberg.com/news/articles/2020-03-07/saudi-aramco-slashes-crude-prices-kicking-off-price-war

Hope none of you bought on this “dip”. Oil will continue to drill. Opportunities for a bounce will happen but you will need to be patient while Russia, SA and other OPEC countries go to war against US shale and each other. US Oil companies will fail if this turns out to be a prolonged production boost.

Leave a Comment


This site uses Akismet to reduce spam. Learn how your comment data is processed.