Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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This is an analysis by @anasalhajji reccomended by @PopescuCo:
www.anasalhajji.com/...rump-anti-oil-zealot
www.anasalhajji.com/...rump-anti-oil-zealot
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The last time oil went from the low $30 per barrel range to more than $50 was from December 2008 to April 2009 when it took 126 days for WTI prices to go from $33.87 on December 19, 2008, to $51.55 on April 24, 2009.
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While it took just over four months for prices to recover to $50 per barrel during the 2008 cycle, WTI prices in 2016 came back from even lower lows, and more rapidly, during this most recent cycle. From February 11, 2016, to June 8 of the same year, the price of the U.S. benchmark crude rose 95.5 percent, from $26.21 to $51.23. In just 89 days, WTI appreciated $25.02 compared to a price increase of $17.68 per barrel in 126 days during the 2008 cycle.
