Crude is going to plummet. No one is showing the huge recession underway in China, Korea, India, Indonesia, the Middle East, etc. Just travelled through them. China is NOT looking as dynamic as even a year ago. A LOT quite. No one is buying anything, everyone is saving what they can...
A huge glut of crude is accumulating. All the Saudi's and Opec are doing with their production cuts is going down to the level of the market - and no where near enough...