2020 has shaken the oil market to a point that quite a bit of production capacity has been cut back in a way to make it hard to ramp up fully again. Saudi Arabia still can react very quickly but I doubt that even they will be able to shave off the peaks when they are coming and they will come. More and more countries will find out that they will have to restart their economies virus or not. COVID does not matter when people start to go hungry. And money printing only gets you so far. We will see 100 again and more.
Rudolf Huber was featured in those quality publications
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