That recent oil decline came with Covid fear and a rush to safety on the dollar.
How the oil bulls who see a rapid oil price rise are tested again. See if it passes 70 at a rapid clip.
Tip: Texas producers are lihter afoot this time around. At 67 we can see frackers promise future deliveries. Near to 75 things look profitable for many more of them next door. Oil is not as volatile to US as near as 2007.
Inflation eats the frackers just as it does any other domestic holder of dollars. But their production is all about liquidity, literal. And they have petro banks helping out considerably. They have a spigot, linear across the frontier of the market.
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