WTI Lowered demand
We are finally seeing the afterburn effects of Bidens inflations situation start to implode on itself and so pricing has dropped massively due to lowered rates.
THE WORST IS YET TO COME!
There's a real chance that we may see a dramatic bearish move to below 50 potentially 45 for a brief time as we do not have the foundation or the backing to support the increases occurring.
and with the increase of used cars on the market people are going to start buying again just not for a few more months maybe late summer 23.
Refineries are allocating capital to do maintenance work so that they can make money around that same time.
Either way, you can short this all week and get your money and wait.
THE WORST IS YET TO COME!
There's a real chance that we may see a dramatic bearish move to below 50 potentially 45 for a brief time as we do not have the foundation or the backing to support the increases occurring.
and with the increase of used cars on the market people are going to start buying again just not for a few more months maybe late summer 23.
Refineries are allocating capital to do maintenance work so that they can make money around that same time.
Either way, you can short this all week and get your money and wait.
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