On 2nd March 2020
OMJ warned of pending
large fall in oil prices...
OMJ Energy Roadmap on
Monday 2nd March 2020...
ICE Gas Oil Future ($/t)
500
“The key ICE Gas Oil Future has now
fallen to our target price of $450/t.
and a period of consolidation is likely.
However, if there is a major COVID-19
outbreak in a European or US city we
expect the future to fall to $291/t. with
risk of losses to $200/t.”
$450/t.
400
By 21st April 2020 ICE Gas Oil had
fallen to $205/t.
300
$205/t.
200
02/03/2020
10/03/2020
18/03/2020
26/03/2020
03/04/2020
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14/04/2020
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