At the end of the day the question is not so much as to whether or not we are going to have enough oil, but is crudeoil demand going to pick up?
Enter your emailAt the end of the day the question is not so much as to whether or not we are going to have enough oil, but is demand going to pick up?
This makes a certain amount of sense, due to the fact that we have seen a lot of reaction to big round figures like that, and of course the fact that the market had been rallying so hard to get here. Because of this, it does make the idea of a pullback a likelihood, simply due to the fact that the $80 level will attract a lot of attention.
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