Updates
Later, 8:09 p.m. MT: Sunday night, oil is "selling off." WTI drops below $67. Down over 2%, now trading at $66.80.
Original Post
Again, the tea leaves keep suggesting ....
... see the recent Devon post.
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Covid-19
The bigger problem is that the guy celebrating his birthday should be setting an example. Completely neutralizes any comments from Dr Fauci regarding Sturgis.
There's no such thing as a supply demand mismatch in a free market. Price moves until supply equals demand. So sick of the CNBC idiots who don't know econ 101.
ReplyDeleteI wonder if, in the US, currently, the demand for homes exceeds supply?
DeleteI think the operative work in the reader's comment above is "until."
https://www.investopedia.com/terms/l/law-of-supply-demand.asp.
Mismatch of Supply and Demand as a Response to Demand Uncertainty: https://link.springer.com/article/10.1007/s10958-016-2924-9.
Google: supply demand mismatch.
DeleteReturn: 13.2 million results in less than 0.48 seconds.