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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: sunabeach who wrote (44069)11/19/2021 1:14:54 PM
From: ajtj991 Recommendation

Recommended By
sunabeach

  Respond to of 97958
 
I think this week the EIA said they US daily crude production would be up 1.5-million bbl/day in 2022.



To: sunabeach who wrote (44069)11/19/2021 1:51:03 PM
From: Jacob Snyder1 Recommendation

Recommended By
ajtj99

  Read Replies (1) | Respond to of 97958
 
Rig count: at the steady rate of increase seen since the pandemic lows, it will take till end-2022 to return to pre-pandemic levels. So 2023 is the earliest oil prices could stop going up, if this pattern continues.
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