Baytex Energy Corp T.BTE

Ground Hog Day

[Re1ndeer2]

This sure appears like a ReRun of 10 days ago...Nothing has changed on the demand side but the anticipation of recession is being fanned by the media......Rinse and Repeat

[twinjett]

Yes it does look like a repeat of recent big oil price drop. USA Dollar also has hit 52 week high. Covid seems to be raising it's ugly head again too. China is starting to pull back into there turtle shell. Plus the media has already writing articles about how bad tomorrows CPI report is going to be. Actually gasoline has come way down here in middle Tennessee. Gas by my house this morning is

[Cobalt]

China lock down again , and this new strain is more contagious , all about China right now

[BayStreetWolfTO]

Yes, but to be honest China was never really out of lockdown/restrictions for more than a few weeks. Still interesting that with the lockdowns, Russia not impacted by embargoes and SPR....we are still above pre-invasion oil prices. To me that is a gift.