Wild Bill Kelsoe
Diamond Member
- Jan 21, 2021
- 10,053
- 9,206
- 2,138
The reason it went up was because of a decrease in anticipated production and an actual decrease in actual production and drilling.Actually it is, because there was no good reason for it to be as high was it was, and thus the correction is being made.
Another explanation is, the market is fixing to crash and send us into a recession.
The global oil market didn't make a 30% correction in 24 hours...lol
You said the other day that the price went up because of an increase in demand. If demand decreased that much in 24 hours, something is fucking wrong.