Oil vs ProducersNote that since the OPEC+ cut announcement , oil shot up to the $80's and stayed there.
However, Canadian producers have given up about half their gains they made on that pop due to profit taking, and the general indexes dropping while oil stays strong.
Meanwhile heating oil and gasoline are getting stronger.
The divergence creates good potential for a bounce back opportunity, and you may even hear soon that Experienced has bought back in to ride it up again.
I am.