Oil can continue to fall approaching a mini-crash

The world economy will slow, as all nations are now experiencing on-going Delta challenges. We should not see widespread lockdowns, but there will be a strong up-tick in supply chain disruption just the same. Oil pricing could survive this, were it not for the tremendous rally already seen. Again, it has been a case of a market pricing in a Nirvana economy that is just not going to happen. Hence, oil was already vulnerable, and all the more so now.

Downward pressure to intensify

Aug 09 2021