When do you think oil will rebound?

maxinger · Apr 20, 2020

toc · Apr 20, 2020

As soon as signs of reopening even partial become clear. The oil will rebound strongly.

Teryc20 · Apr 22, 2020

toc said:
As soon as signs of reopening even partial become clear. The oil will rebound strongly.

I think that can happen.

Masil · Apr 22, 2020

Atikon said:
Europe reopened today, but oil is down....weird time to trade

It's definitely not going to move up immediately, the top dogs know many people would be anticipating that. If everyone can easily predict that then we'll all be rich. So it is going to happen gradually, and it will fluctuate up and down.

Fordrelsa · Apr 23, 2020

Based on the fact that the situation is not getting better, probably not everything will go well soon.

maxinger · Apr 23, 2020

IT HAS ALREADY REBOUNDED.

nillionaire · Apr 23, 2020

maxinger said:
IT HAS ALREADY REBOUNDED.

10 handles worth. Not sure it'll go any higher than that. Already looking like a failed retest of yesterday's high of 16.

heispark · Apr 23, 2020

I think the trading or market system in general is flawed.... The world has to do something to fix it. Perhaps, AI can fix it in the future.

cesfx · Apr 23, 2020

Maybe when aircraft engines start burning heavily again?

bone · Apr 23, 2020

heispark said:
I think the trading or market system in general is flawed.... The world has to do something to fix it. Perhaps, AI can fix it in the future.

AI can’t fix a brutal reality: demand dropping at three times the pace of storage - concurrently Saudi Arabia flooding the world with cheap oil.