Biden, Oil Demand Will Last For At Least A DecadeThis is great news!! we'll still need Oil in 10yrs.. what an observant Leader. 3rd session, Oil has been higher and the week is going as planned. next is $79 Oil which has been the number used from the start of China's reopening saying the Oil would average $79 and we'll see how Oil deals with it. Right now the hype for Oil is an outlook, a prediction of greater things to come but China has declined in demand recently so words and hope can only support Oil for so long, and if the US starts coming out with weaker numbers that will also play on Oil next week as we go through another round of EIA on top of everything else. SP didn't move much everyone is waiting to see how much wind is left in the sails there is a lot of hot air out there with no sense in posting articles about China promising future they're all positive. Oil hasn't been higher than $83 since mid-Nov. We'll see tomorrow how powerful Oil remains in this drive higher.
Biden SOTU: Oil Demand Will Last For At Least A Decade | OilPrice.com