Yes, sometimes the price of oil goes down, it happens and it is NORMAL!
If you admire the paintings with a magnifying glass you will wonder if it is necessary to visit the museums. However, if you go back a few meters you will not regret your visit.
This is a little similar to the oil ...
Even if the black gold remains in an uptrend in the long term (years, decades) that does not immunize corrections in the short term (months).
With the onset of winter in the northern hemisphere, the winter begins to oil. And yes this year summer ends, winter is the peak period for oil prices and oil companies (to make life easier for the oil to be consistent courtesy).
For 12 years, the oil price is moving in a bullish channel very clear (in red). It affects generally the bottom of the canal in winter (blue arrows) and upper channel in summer (yellow arrows). That is why, if you are a patient investor, statistically, the best time to purchase your multi fetish at low PER, generous dividends, your junior hopeful to leverage stratosphere is when it's cold. But beware, even if it is normal that the oil falls during the winter, do not expect the sinking of the barrel. Because for the price of a barrel of oil so the bottom of its bullish channel for six months it took the worst systemic crisis since 1929!!
Dr Thomas Chaize