Storage Shortage + Demand Reduce = Oil The New Water

by iDestinyXD

A lot of people been wondering what would happen to the oil price after the states reduce some of the restrictions. I recommend caution because of the storage shortage and demand reduction for oil. Unless OPEC+ and the US decided to cut production again. Then, maybe buy the news with extra caution.

Readings:

oilprice.com/Energy/Energy-General/Storage-Fears-Drive-Oil-Below-18.html

www.reuters.com/article/us-global-oil/crude-oil-futures-drop-at-open-of-asian-trading-idUSKBN2210V9