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OPEC To The Rescue | Rory Johnston’s Cautious Bull Case For >$80 Oil
Forward Guidance
The Future of Oil Prices
Rory Johnson: I think that the four prices to go really like if prices were to collapse, it would likely because the rest of the global macro backdrop is collapsing. If we enter a protracted recession, then yeah, risk assets like oil are not going to do well. We're already seeing a nemic demand growth and a protracted economic crisis would only make that worse. The other thing that would be very bearish is if Saudi gets fed up of this kind of general support of the market and we pull a second coming of the 1980s in terms of supply cuts.
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