I have been away due to some health issues but now as I have recovered considerably...time is ripe to start anew.
Interesting times for oil markets. While the prices hinge on a certain level the opinions and possibilities are, on the contrary, galore! Where will oil go from here? ( @William Edwards---your insightful comments are required! )
Will it head further north ( @Tom Kirkman--- Your prognostication was true! What fate do you see for the prices now? ) or decide to
In my view, Brent needs to stay at or below $70 and WTI needs to stay closer to $50 or else the oil price rollercoaster will start up again.
● $60+ WTI is unsustainable, in my view. $50-ish seems to be the Goldilocks zone for WTI.
● $75+ Brent is unsustainable, in my view. $70.00 seems to be the perfect, magical Goldilocks zone for Brent.
Moving too much higher or too much lower from these numbers for WTI and Brent will likely throw out of whack the current, wonderful, suitable