politics production and lower demand took the price here and will drive this down
+ is time for the production to shut down because some have operation cost above market price is easy to stop production but is allot harder to restart producction
+ is time for politicians to start a freaking war or something, hey USA+Russia i am looking at you
+ paper the damn paper, the oil money is used to buy and finance allot of paper, less oil money less money to buy paper, is harder to pay all the USD credits, is harder to do the carry trade and so on, i will expect a new QE or something like that
+ is time for the production to shut down because some have operation cost above market price is easy to stop production but is allot harder to restart producction
+ is time for politicians to start a freaking war or something, hey USA+Russia i am looking at you
+ paper the damn paper, the oil money is used to buy and finance allot of paper, less oil money less money to buy paper, is harder to pay all the USD credits, is harder to do the carry trade and so on, i will expect a new QE or something like that