With a possible reopening of the global economy, we could see oil heading to 38 dollars a barrel. Sentiments have been in recovery but with expectations high and the need for a speedy recovery in the market we could see production ramped up going into June-July. My personal bias is geared towards this as I can see this happening unless something from left field occurs pushing us towards another drop in oil prices.
NOTE: THIS IS NOT FINANCIAL ADVICE AND IS NOT TO BE TAKEN AS A SIGNAL OR INVESTMENT ADVICE
NOTE: THIS IS NOT FINANCIAL ADVICE AND IS NOT TO BE TAKEN AS A SIGNAL OR INVESTMENT ADVICE