John L.

What's the Real Story With the Price of Crude Oil?

Supply will eventually come into balance with demand. When that occurs, a lot of speculative excess will be driven out of the market, this will result in a correction and will burn a lot of the speculators like always happens during a bubble.

Probably, recession fears will trigger this to occur. Recession will be much more likely with higher oil prices, so I would expect we will see a correction in the next 6 months for sure.