Oil is more political than economical
Narrative for sent the bill of China Virus back to China is set, China has everything except the raw resource, Soy Bean keeps going up and up EVERYDAY, it is because of political issue, not supply issue, if you go to any US farmer and ask if they made money last year, they won't be too happy about the return they got. With more lose chips leaving the hands of private investors, institutional buyer got to get the price up for good profit. 2021 and 2022 is the year of Oil, new record high is expected by the commodity supercycle.
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