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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (111813)	4/2/2020 11:48:07 AM
From: flashforward2009	Read Replies (2) \| Respond to of 116764

Thinking about DWO and SCO, no oil has been removed from the market, we are months if not a year plus away from a CV-19 inoculation, before the economy can return to any normalcy, and many months away before a significant oil draw down storage can start. And no significant amount of shale oil is profitable until $50 a barrel, and we won't see that price again for many months if not years. Russia has yet to go along with the cuts, and the US has already cut shale production.