No fundamentals. Trumponomics is about how to do max extraction from the market. I fully expect all of this to be reversed and oil pumped back up (sparking Iran crisis for example). Speaking of recession, check what happened to oil prices before the crash of 2008.
In 2008 oil spiked just to crash alongside markets. If anything, it only supports my theory. When it comes to wars, they do change everything. But do you really think «Mr. Peace» would go to war with Iran, a formidable adversary bucked up by Russia and China and drive energy prices up to the moon?
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