What's scary is that we're just moving out of the lowest period of demand for the year and OPEC at full stretch was unable to keep prices down,
There is plenty of crude but this will stoke fears of a supply crunch. There is no doubt prices will go higher.
There is plenty of crude, but this will stoke fears of a supply crunch. There is no doubt prices will go higher.
You can't have these sort of prices without a substantial effect on demand.
Once they lose that credibility they lose the ability to control prices and that credibility has started to slip away.