Be the first to like this.
1 comment(s). Last comment by Bearvsbull Bendia 2020-05-18 21:03
Posted by Bearvsbull Bendia > 2020-05-18 21:03 | Report Abuse
Covid19 pandemic lead to global lockdown! Nobody expected nor predicted this from happening! It was a black swan for oil market for sure!
Indeed, for the first time in human history, we saw negative rate meaning, speculators were paying you to buy crude oil from them! Ironically, we don't hear this hedge funds got burn given how severe it was!
At last, Opec and the rest of oil producers agreed to oil cut starting May!
But what many didn't expect is that, Saudi Kuwait perhaps may be cutting more than what they have promised! And what is more surprising, US shale oil producers drastically cut their production!
So we may see increase demand as lockdowns are easing but producers taking their sweet time to replenish supply!
Hence we will see another huge upside! Remember, oil supply is like your super slow locomotive! They will take months to increase and months to reduce supply!
No result.
1
Koon Yew Yin's Blog
3
Koon Yew Yin's Blog
4
6
7
8
Koon Yew Yin's Blog
#
Stock
Score
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by Bearvsbull Bendia > 2020-05-18 20:59 | Report Abuse
Oil!