Biden term coming to an end is a catalyst With Joe Biden's term coming to an end, so will all the background policies to suppress the price of oil. Particularly obvious are Paid media articles, investment houses hammering WTI at open, Constant China recession narrative, and occasional announcements from the government to negatively affect the price.
All of this in the face of record oil consumption and world oil stores at historic Al lows. Implies oil price for the given conditions is mid 80s with upside risk.
Place your bets.