Hyper inflation continues. On the black market price is almost double!
Price of the Natural Gas is on the floor and this situation is bad for most of the companies and when the summer go away we will use more gas and the price will go higher (supply/demand). (Possible correction till 1.40$-1.50$). Please check and follow my profile for more. Thank you! :)
The economic crisis is just beginning in the country. And the world's situation force the negative effect for the currency.
With the fall of quarantine, road traffic is back and demand is rising accordingly, and gasoline prices are recovering. Less manipulations than the Oil market, much safer trade instrument and good ROI. #Gasoline #RBOB
In every case in long term $ is stronger. And the country is nearly to the new default maybe. For Argentina crisis is double. Crisis from outside (World crisis) and crisis inside the country.
Covid-19 pandemic, high supply and low demand makes the price low and it's possible this trend to continue, but the price of the black gold is very low and after this crisis for sure will goes up. Buy cheap, patience, $ell expensive. ;)
As summer approaches, the strength of the covid-19 is likely to weaken as heat kills it. In addition, the price is too low and producer countries will eventually be forced to reduce barrel production.