Well, this is a new thought process and research undertaken to study the effect of the USA Presidential year on crude prices.
It has been historically observed that a price of $50-$60 is the right price of a barrel in an election year as it is able to keep the consumers under control and keep the profitability of the US Shale oil industry intact.
However, this year may see some abnormality as post lockdown opening we may see a sudden increase in consumption, provided world is able to control pandemic by Jul 20.
Experience the best stock analysis for intraday here and remember that "You have to work on the business first before it works for you".
It has been historically observed that a price of $50-$60 is the right price of a barrel in an election year as it is able to keep the consumers under control and keep the profitability of the US Shale oil industry intact.
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However, this year may see some abnormality as post lockdown opening we may see a sudden increase in consumption, provided world is able to control pandemic by Jul 20.
Experience the best stock analysis for intraday here and remember that "You have to work on the business first before it works for you".
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