RE:Next week ?Paray99 wrote: Let us hope a nice oil bull next week.
It is also time for US to fill up their reserves... So, let us hope the WTI / WCS differential will come down too.
Much depends on what comes out of the OPEC+ meeting on Sunday but since the Russian oil cap was set at $60US , the excuse of cheap Russian oil no longer holds up regarding the WCS discount . With a cut from OPEC+ and winter setting in all over the northern hemisphere , the discount should shrink .
I read today that winds are very light due to high pressure over the EU causing electricity prices to spike (AGAIN) because renewables have failed (AGAIN) . It also forecast a colder than normal winter this year so hang in there Paray99 , better days are coming since there is no replacment for fossil fuels . These undervalued stocks will soon be re-rated and bid up .