Russia agrees with the Saudis and with Iran’s military acts oil goes up in a few days it will be known to all, production cuts will continue as is!
Now next for tomorrow’s EIA report will analysts right and here we still don’t know some think it will be 20 million B some 17 we think it will be 20 but still coronavirus not over!
Right now we also have to thank Saudi Arabia’s for their additional voluntary cuts, February’s total production cuts will be 8.125 million BPD, we know that the oil market has good and strong people in the front.
Now, will it stay more than 50$ let’s see EIA REPORT!
we still tell hod to OXY, APA, XOM CVX ANOTHER 25% AHEAD.