Oil sure has been going down from the stock market perspective.
That generally signals the beginning of a Recession.
Weird thing is, OPEC stated they were going to reduce production.
We all know Biden released a bunch (not clear if they still are and if so, they will run out sooner than later).
So, hate to sound like a conspiracy theorist here, but it makes me wonder who and how is manipulating the prices to be low.
Low benefits Biden to buy back reserves.
Low benefits reducing inflation.
BUT, Energy = Economy.
when it’s up, do is the economy.
When down, economy also (in a general terms)
I understand this thread is about actual current prices.
But I put the above out there to keep things in perspective.
Still not sure what summer fuel prices will be like.
I was expecting it to be 2.25 a litre.