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wasoxygen  ·  3679 days ago  ·  link  ·    ·  parent  ·  post: Oil below $50 per barrel

Things are indeed looking good. I expect at least one more adjustment to the Big Mac Index, which should put the comparison number up around $96. Oil closed at $50.04 yesterday.

There is still time for a recovery, but after the last crash oil prices regained only half of the loss within a year. A similar recovery starting today would leave me comfortably in the black.