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I expect that $40 to $45 will be the WTI price range for the rest of 2020 barring a serious supply interruption.

This rally has always been about correcting from that gross under-valuation back to prices at about the time of the OPEC+ failure in early March. We are there.

Much lower oil prices are inevitable in all scenarios once the false optimism of the present oil rally is recognized.

The March oil price collapse resulted from closing the U.S. economy and a terrible blunder by the world’s leading exporting nations. On Saturday March 7, discussions between Saudi Arabia and…

Coronavirus is Crushing Oil Prices On February 11, I predicted that Coronavirus would crush oil prices. Prices collapsed on February 20. Today, prices have reversed and are more than $2.00…