Oil is the gold and gold is the king in 2022.
All the attempts to manipulate down the oil price failed again. US inventory is only marginally high.... Also the Russia-Ukrain issues are not going to subside anytime soon...... And most interesting.y, the Iranian talks are just an eye wash to pull down the oil price... The reality is that, even with an agreement with Iran, only 0.5M bpd oil will flow out from Iran in next 6 months.... About 1M bpd oil could be expected in a year time.... that supply will not meet the real demand.... There is huge shortage guys!
So, whatever US try, oil will hit above $100 in the coming weeks.....
And all these stocks will hit their all time highs! The big money is yet to flow into the oil sector!