Quote:
Originally Posted by AndrewM
I think oil prices will be back up long before Corona virus is dealt with. Prices will stay low long enough to kill the US shale plays as most were already on the edge of failing. Then it will jump back up. Doubt it will take long with the steep declines and shale needing over 45 to be remotely economic.
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The last time OPEC and Russia faced off it was a 2 year stand off. No end in sight right now as both boosted production yesterday.
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