As i see the situation in USOIL right now, there are 2 options:
1. Long
Summer holidays, rebound in airtraffic and several other factors that will drive the oil demand. For me this is the most likely situation and scenario. This was also supported by the US oil inventory report yesterday, which was way better than the forecast.
2. Short
Lockdowns and situations in Asia escalates and gets worse, resulting in a weaker demand and therefore drop in oil price.
Let me hear your opinion! :)
1. Long
Summer holidays, rebound in airtraffic and several other factors that will drive the oil demand. For me this is the most likely situation and scenario. This was also supported by the US oil inventory report yesterday, which was way better than the forecast.
2. Short
Lockdowns and situations in Asia escalates and gets worse, resulting in a weaker demand and therefore drop in oil price.
Let me hear your opinion! :)
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