Where’s the Oil Price Heading? Why the Global Economy Needs a Goldilocks Oil Price (Video)
Where’s the Oil Price Heading? Why the Global Economy Needs a Goldilocks Oil Price Video – Wall St for Main St
Where’s the oil price https://oilprice.com/ heading? The oil price is remaining resilient thanks to US inventors draw downs and also a weaker US Dollar. Jason Burack lays out the argument why the global economy needs a goldilocks oil price and can’t cope with an oil price that is too high or too low. The end result will probably be a very wide trading range of potentially $40/barrel or more going forward that will result in short and intermediate trading opportunities rather than long term investment opportunities.