RE:WTI Breaks $75 Barrier, But Traders Remain CautiousWhy would it be a dud? Remember oil price in 2022 when we had our reopening...get ready for China's reopening after 3 years of strictest lockdown in the World. China just significantly increased crude import quota...still can't see the writing on the wall? Look around you. Just about everything is more expensive...oil is no exception. We are going to have zero increase in supply for 2023 in best case scenario. Just put some common sense back on.
I am still backing up the truck...love the strong balance sheet for me this is no longer a medium term investment. It is a long term hold now given we have so little debt.