Is Crude going to fall below $69 over before the end of 2022?
You tell me? My analysis is that Asia/Europe will contract demand as high Natural Gas and other economic constraints pull purse strings throughout the Christmas Holidays/Winter.
If this happens, we may see a demand destruction cycle take place in Oil that could be 40~50% of the demand destruction that took place when COVID hit.
The new strains of COVID are already making news and any pump in infections throughout Asia/EU/Africa may send 65% of the world into LOCKDOWNS again.
Don't get too bullish as it appears Crude is attempting to settle below $69 ppb.
FYI.
Follow my research.
If this happens, we may see a demand destruction cycle take place in Oil that could be 40~50% of the demand destruction that took place when COVID hit.
The new strains of COVID are already making news and any pump in infections throughout Asia/EU/Africa may send 65% of the world into LOCKDOWNS again.
Don't get too bullish as it appears Crude is attempting to settle below $69 ppb.
FYI.
Follow my research.
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