Jump to content

When will OIL bounce back?

Recommended Posts

Oil as we all know is trading at unprecedented prices. With lockdowns, bans on non-essential travel, the grounding of 99% of the aviation industry, the demand for oil has never been lower.

 

So, I ask, just when will oil bounce back and will it be a gradual bounce or a quick sharp rise in price?

 

Obviously petrol pumps are the first to benefit from any loosening of the current lockdown (UK). As people return to work and are allowed to travel on non-essential journeys the fuel reserves in the UK will need replenishing.

 

I think OPEC have told its members to stop producing but the reserves these companies hold will also need replenishing almost immediately after the lockdown is lifted.

 

Any thoughts?

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×