Normal
Not sure if buying the dip is going to be wise.Every asset has started/is starting to fall based on tighter monetary policy leading to an expected recession. Oil is no exception.The oil embargo involving Russia will eventually fade. Russians continue to export oil to China and India. Options to increase supply are being actively pursued. None of this IMO looks conducive to sustained, high prices for oil.
Not sure if buying the dip is going to be wise.
Every asset has started/is starting to fall based on tighter monetary policy leading to an expected recession. Oil is no exception.
The oil embargo involving Russia will eventually fade. Russians continue to export oil to China and India. Options to increase supply are being actively pursued. None of this IMO looks conducive to sustained, high prices for oil.
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