Loading ...When all the fighting broke out oil went to $90. Today it sits at $77.
Seems like the world has plenty and demand certainly in the west is softening along with the economies. I think part of it is because Biden has allowed Iran to offload its oil and that’s a big production boost.
It seems impossible to me to figure out the “why” of things anymore. Aladdin dominates trading of virtually all markets, and things seem like they’re on autopilot. I don’t know.