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Saturday, May 08, 2021 11:15:53 PM
to lower levels seems possible...
DD on raw data of demand stall
in some areas doesn't help
justify over pricing yet...
https://www.barchart.com/story/news/1660611/energy-prices-post-moderate-gains-after-the-dollar-index-tumbles-to-a-2-month-low
Forecasters of higher oil prices
later can play both ways in case
a price stall occurs...
What ever entities actually hold
the opposite side of hedges bot
by oil companies up until close
of 2020 are making more per barrel
than many oil companies in 2020...
And it is possible that is main
driver behind big oil price pump
up that came so fast...
So we watch...LJ
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