All of the top stocks in Exodus are oilFAG related. Brent is trading $80, in spite of seasonality trends suggesting we should top out now. Downstream stocks are performing best, even though one might surmise the drillers should do best.
What the fuck is going on here?
Pic related.
As usual, 99.9% of you will have nothing to say — because you’re dumb and unable to converse you anti-social pricks. Had this post been about Blohnald Drumpfskins or Billary Claptin — you’d be spewing absolute shit, absolutely.
Fuck off.
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Simple explanation: Saudi Arabia needs oil high for the Aramco IPO
very true as well as the fact that a high oil price makes frackers highly profitable enabling the US to become the numero uno oil & nat gas exporter on the planet and if the USA is about anything, it’s about being number 1 in anything and everything possible. There is also the added benefit that this will hurt Russia which is dependent upon such export even though a high oil price is beneficial to our sworn fake-news enemy.and manufactured enemy.
also a higher oil price makes our oil rich buddies in the muddled middle east more flush with cash to buy more US military industrial complex exports, i.e. planes, bombs, etc. in order to slaughter primitive and simple farmers in neighboring lands like Yemen.
What is high? Fucking shitcoins based on nothing but matrix horseshit go up all the time.
learn to speak english you delusional ass hat.
Twelve years ago crude traded for the same price as today. Relax dude.
amazing to see such oil strength against the usd. i always feel like crude is one of the last casinos out there. i would never look at supply/demand,for instance. oil complex is severely out of favor from a retail perspective, my clients are still so underwater in mlp’s that i dont have the balls to even suggest adding downstream names. these asshole income clients still ‘like the yield”. in summation, out of favor, still burnt from the last big drop in crude, other easier places to put money to wok
Could an oilfag please explain to me the stock PRT? What is it?
Crack Spreads going higher. No Ironbird, it’s not tranny stuff. Don’t get excited.
https://m.valueforum.com/stocks/cgi/?a=detailed&ticker=$CRACK321
lol
Props and traders always jack and manipulate the price up when they cant find anything better to pump. It will get pumped then dump. Or someone has figured out in the long run were actually fucked when it comes to transportation long term.
1. We’re late cycle. Inflation and inflation expectations almost always rise in the later stages of the expansion cycle. Rising Oil/Energy, food costs, etc coupled with rising interest rates could certainly tip the scales into a decelerating growth stage.
2. Fundamentally speaking, Iran sanctions, Saudi Aramco, etc are all factors as well.
I’d prefer to blame the cycle, because it sure as hell isn’t the old narrative of increasing demand out of China
Correct answer.
your readership is composed of mongolians. I feel for you. I’ll send you a DM.