Higher oil tomorrowPoor old short-stack , he keeps bringing these out of date articles and cbc opinions hoping his altruistic BS will get the cats running for the door .
China had been on lockdown for months , any increased activity will only add to oil consumtion . As for slowing demand due to recession and Powell , first he needs to crash the economy and put everyone on welfare . Well look around , everywhere I look businesses are still hiring and everybody is driving somewhere . The US economy has momentum and like a large ship , it doesn't turn on a dime . Employment is the fuel and that remains healthy in NA and the EU , with China winding back up and India's peddle to the metal demand will stay strong .
Let's see what effects this polar vortex inflicts on US inventories , as the temperature drops , nat gas and oil will rise inversely . I missed my call today by 2 cents , my bad so I will double down against short-stack and call for higher oil prices tomorrow .
What up short-stack ?