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RE: The Macro Moment: The Price Of Oil Crashing And The Lesson From It

in LeoFinance3 years ago

That makes a lot of sense, whatever goes up must goes down. Had I knew that since I got in crypto, I'd be better positioned now... But wait, I did, I just didn't paid attention to market sentiment, same as many are doing now with oil. It's annoying as hell knowing that oil has gone down by over $30 a barrel, but gas at the pump is still as high as it was when oil was valued at $130. Moreover, it's even more annoying that gas stations are speculating on this although we don't actually import oil from what I know, so why the heck to they correlate prices with barrel of oil?