It seems Saudi Arabia is just buying time to support oil.
I will have to give some of my favorite tech names a haircut in the name of balance. Hopefully everyone gained some exposure to gold.
A Biden administration will be good for oil prices.
At some point, the piper will need to be paid. And that day might be sooner than some believe it will be.
Oil prices are improving, but that only tends to encourage the release of more production, which then puts a damper on prices again.
Let's examine where several key markets may be headed next -- and revisit financial manias throughout history.
We know that the extra oil is coming, it is just a matter of when not if. The big question is demand.
Oil market participants are a little offsides leaving prices vulnerable to a pullback.
I see upside in the common stocks of oil tanker shippers as we move into 2021.
Let's review the charts and indicators.