Why Crude Is Likely To Drop Below $100 Again

As I’m sure you are aware, after skyrocketing to just above $130 on the prospect of no Russian oil on the world market following the Russian invasion of Ukraine, oil dropped just as quickly back to the mid-90s on news of peace talks, then retraced that move as far as the $100 level as the war dragged on, where it is hovering as I write. Obviously, that is some pretty spectacular volatility over a period of two weeks or so and it leaves two questions for traders. Is it going to continue? And, whether it does or not, where will the next move…