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Tom Winnifrith highlighted my current views on the oil price in a bearcast earlier this week. As most know I can see the good in just about any investment case, it’s just that most of the time the bad is just so much more compelling. Where is the oil price going? I do not know – who does?! But after years of supply side focus, I see the risk firmly on the demand side. Could oil price go negative? – yep for some grades, and perhaps all, I can see why that is not an outrageous statement.
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