Comment by
OGInvest0r on Oct 30, 2023 11:46am
Absolutely sub 4 not coming unless a big miss in earnings. This is forming a very nice base above 4. Still very close to 8 year highs.
Comment by
Jimmy1page on Oct 30, 2023 11:58am
Oil is currently down 3.3%, which is odd considering Isreal has been bombing Gaza for 18 hrs and is now on the ground. The US and China are both moving equipment. I can only think that the Biden administration can now control oil prices with a phone call because in my lifetime when mil8tary equipment moves oil prices rise until now. I seriously doubt earnings will move the needle.
Comment by
MLEWICKIMBA on Oct 30, 2023 12:18pm
Jimmy1Page The road to December is good. After Fed Decision. If they raise interest rates the CAD is 69 cents so we get more money. I believe the spread between WTI and Brent is for vessel costs.