Still haven't heard any clear explanation as to why this is happening now(Russia?, U.S. oil production? Keystone? global economics?...???)
...these kind of things I always find suspicious and seem contrived, if not down right spooky.
...makes me think the globalist chess-players are up to something again, but what is it?
You don’t read much, do you?
It’s called supply and demand. Iraq producing higher than its good old days. USA producing heavily, Venezuela is producing all it can for current revenue since its going broke. Norway is a big producer, can’t cut or it can’t keep supporting its welfare system. And the Saudis capped it by not cutting production (which caused the rest of OPEC to follow suit).
We have an oversupply. It will probably last a while, but the bottom in price will should be reached in the next 3-4 months. Private producers will cut production as feasible, which will cut supply. That will lower the downward pressure and eventually the price may find a more stable period. Govts (most of the market) will keep right on pumping, slowing the cycle somewhat.
These cycles have happened quite a few times, it’s a good idea to study the history.
Large price changes in huge markets are always opportunities, no matter the current direction of the change.