RE:OPEC meeting soonDo you really want people to have a nice morning, tool? If you did, you'd exit the board because you're a useless troll who brings nothing of substance to the table.
A couple of flaws in your hollow arguments:
SPR release is extremely bullish because it will only inject less than 2 days' crude capacity into the system while doing nothing to address a worsenting global supply imbalance. It's a drop in the bucket. So the US will have to replace its significantly depleted reserves at much higher prices, most likely in the $150s later this year or next, which will actually add to global demand.
As a story, COVID is all but over and we'll see a diminishing impact with each passing wave. So the effect on world-wide demand will be minimal at best = another head fake.
You're nothing more than a permabear / troll looking for any excuse to talk down this stock. Nobody welcomes your flimsy statements and your attempts to predict future price movements on garbage analysis, so you may as well get lost.
angelnicky wrote: will not be happy with US releasing reserves
oil trend now is downward
have a nice morning