We will see a rise back to $40. Putin is totally bluffing on producing oil at $25 to $30 for 6 to 10 years. He has already hinted on the willingness to talk to Opec. They cannot produce a $40 barrel of oil and then keep selling it for $30. Upward price pressures will develop. A good long trade.
Anyone buying yet? or is it to soon? I got 2 small position at $27-25 (Brent Crude Oil). Waiting with most of my money for below $20 and saving small piece just in case we see below $10. I have a bad feeling this will take a long time to fill that gap up to $50's and higher...I just hope we don't see negative price if everything closes...lol good luck to al