US Republicans trash talk..Leave it to our Republicans to want this Debt Deal to drag into the 11th hour. As soon as this is finally over traders can refocus but be assured that once this has closure and the FED finally decides on June Rate Hike the timing will lead Oil into the bulls pen. The US is currently deploying battleships to the Gulf after Iran's seizure of Oil Tankers and with threats of further Russian Oil & NG Infrastructures Drone attacks, Oil prices could skyrocket overnight. We will see China's demand come into play with every week that passes and with OPEC having higher prices as their goal their actions will continue until this is met while summer arrives driving up demand. Bullish drivers are just waiting for this Debt Deal to have the final stamp on it then Risk appetite will return especially for Oil with everything that's happening in direct violations of EU Sanctions which seem to have been moved to the front burner. Stand Fast and hold your position. Plus CPG, BTE, and ATH are all on a growth spurt so additional production makes up for lower prices but even with $70 Oil these companies are all doing just fine till Oil starts to rally into the summer with June knocking at our door. Better days are coming!!
BTW, I post these Oil Plays in order of their SP.