/biz/ - Business & Finance

>>55801506

>oil going to zero
Yeah sure lol

>>53315296

protip, China reopening and favorable seasonality will propel oil to over $100

>>53300842

protip, china reopening and positive seasonality will push oil price to over $100 by October 2023

>>51237159
I mean sure in the dead of winter it could go sub $80, but there's a long way to go.
Also, the Europeans will be fully banning Russian oil in december, which could raise its bottom from where it usually is.

>oil
so uh, is it over?

One last run oil bros?

>and I thought hurricane season was ova

>>50412429
This dip is right on schedule.

>>50350350
That was me, except I also said it did that in 2008 when it hit an ATH; but that seasonality has it dump in July then pump back way up before crashing in the fall.
I should've listened to myself, now I'm red on UCO. I don't think I'm good at this bros.

>>50203053
big dump before the big pump

What the absolute fuck is with oil? Nothing fucking changed over the weekend, and we just had a huge driving holiday ffs.
Although it could be the dip before the big pump.

>>50176472
ngl zerohedge has a good recap article every day
https://www.zerohedge.com/markets/crude-crashes-yield-curve-inverts-bonds-dollar-surge
>>50176503
No one can meet their quotas and less and less Russian oil is making it to the broader market. If the EU actually puts those price controls (on something their not buying lol) and Russia retaliates by taking less off the market, we could easily see $200 per barrel.
JP Morgan said $380.

>>50059873
>How should one time the top for oil prices?
I'm struggling with that too. But I'm going with general seasonality and then by ear.
Definitely in July and August we could see the top.