Post by
1234bmth on Sep 05, 2023 1:16pm
Oil price vs oil stocks
Oil stocks are not going up in relation to oil price.
I hope oil stocks hold if oil price starts to be flat or slightly red, because what happened with my gold and copper stocks, in the uptrend of copper and gold they gained small percentage over the weeks and today even copper is flat and gold just slightly red, but my gold and copper stocks are down up to 5% losing the gain of weeks in one day, just hope it doesn't happen to oil stocks.
Comment by
liljohnnyjoke on Sep 05, 2023 2:07pm
When oil price goes up $10bbl in a couple weeks it is going to have a big impact on mining costs and everything else triggering more rapid inflation and ensuing rate hikes. OPEC wants it all, high oil prices with robust eonomy and low inflation. Are China and India still getting huge amounts of oil from Russia for $60bbl?