Predicting Oil’s Next $10 Move

Predicting Oil’s Next $10 Move

OilPrice.com

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Looking back on the first half of 2020 in energy, it has been marked by one of the most volatile periods in the history of crude. The main WTI futures contract, CL, hit a peak of $65.65 early in January before beginning a collapse that would see the May contract do the unthinkable on its expiration date and turn negative. At one point, traders were paying $40 for you to take a barrel of oil off their hands. Then began a bounce that, in some ways was just as spectacular. From the switch to the June contract onwards, CL has jumped close to 500% in…

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