bullish
The Commodity Report #71
SUMMARY
- We expect the oil crisis to worsen once economic activity resumes again. Till then some months will probably pass.
- Nevertheless, the industry hasn’t increased production significantly enough, and the SPR release by the Biden administration veiled the actual grim picture in the oil market.
- Those stories from Bloomberg show how relaxed the sentiment seems to be again. I have the feeling that this sentiment won’t age well at all.
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