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Cathie Wood admits short-term defeat in her call for oil to plunge to $12 per barrel, but still expects prices to crash ‘under the weight of lower demand’

Cathie Wood admits short-term defeat in her call for oil to plunge to $12 per barrel, but still expects prices to crash 'under the weight of lower demand'

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“I got the supply shock wrong. That said, the accelerated shift toward electric transportation will destroy oil consumption at the margin,” Wood said.

...read full article on Business Insider

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