Looking at this chart of oil we have been doing nothing but consolidating. I imagine with more producers being able to make a profit in the 50+ range prices may stay muted for some time.
That is why I am looking for a potential move down (I am considering 48-50 the lower end of the range).
That is why I am looking for a potential move down (I am considering 48-50 the lower end of the range).
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