what comes next for WTI CRUDE OIL!
We remain in the early stages of oil’s latest “crash ‘n’ rally” patterns. In short, the cycle looks like this:
1 :Demand for oil evaporates due to a recession. The price of oil crashes.
2:Energy producers scramble to cut costs. They cut production aggressively.
3;The economy slowly recovers. Energy demand picks up.
4:But there’s not enough supply! So, the price of oil climbs and climbs and climbs.
5:Energy producers bring supply back online, but it takes time to explore and drill. Supply lags demand for years, and the price of oil climbs and climbs
We remain in the early stages of oil’s latest “crash ‘n’ rally” patterns. In short, the cycle looks like this:
1 :Demand for oil evaporates due to a recession. The price of oil crashes.
2:Energy producers scramble to cut costs. They cut production aggressively.
3;The economy slowly recovers. Energy demand picks up.
4:But there’s not enough supply! So, the price of oil climbs and climbs and climbs.
5:Energy producers bring supply back online, but it takes time to explore and drill. Supply lags demand for years, and the price of oil climbs and climbs
