Observing this setup for the following 6-8 months
The winter is coming and global tensions are still rising, the war in eastern europe is not even yet in the phase where both parties are willing to sit down. It could be a long and bloody winter for Europe.
I believe oil futures have been going down based on recession fears, but with signs that China will re-open I believe this will be balanced out. I believe that we're still 2-3 winters away from a recession which could bring the oil price down.
I believe oil futures have been going down based on recession fears, but with signs that China will re-open I believe this will be balanced out. I believe that we're still 2-3 winters away from a recession which could bring the oil price down.
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