Post by
smallcaptdr on Dec 15, 2022 6:47pm
What Oil needs to be bullish
These are the requirements for Oil to be bullish.
(1) A bullish global economy. Nope
(2) China and US economies expanding Nope
(3) Shortage of supply Nope
(4) Low-interest rates make money cheap Nope
(5) Oil inventories with huge draw Nope
(6) Gasoline inventories are always on fumes Nope
(7) Shortage of Oil rigs exploration Nope
(8) Everything else. Nope