Post by
MLEWICKIMBA on Sep 05, 2024 11:59pm
Overdone on Oil Prices
China will be a big buyer of oil at this level.
US SPR buying -- no new news that is how we can tell the price drop is manipulated.
Draws are said to continue.
China economy will turn.
American drivers will drive more. Why buy an electric car at 3 bucks a gallon.
Even with current differentials the prices are ok.
Saudi doesn't like 72.50
Eric Nuttall doesn't like 72.50 :)
Comment by
dandu1924 on Sep 06, 2024 6:30am
But the market does not care about all those stuffs. Just look WTI is around $69 or less
Comment by
MLEWICKIMBA on Sep 06, 2024 7:55am
Yes right now. HFI Research saying What Gives. Overdone
Comment by
Re1ndeer2 on Sep 08, 2024 11:41am
Very Tempted to use my Margin account this upcoming week.....