There is a lot of oil that needs to be soaked up before we see higher sustainable prices, and meanwhile the Saudi-U.S. relationship is thicker than crude.
For now, recovering from oversold levels makes sense. But is this the start of a full-blown price recovery?
Demand is collapsing from global lockdowns, just as supply is surging from all the major, battle-ready producers, who refuse to blink first amid the price war.
The oil company has been in a sustained downtrend and the latest news from the oil patch will not help.
So what do you do if you own these stocks?
Perhaps investors would be wise to invoke the Jim Cramer 'three day rule' where energy is concerned.
Global tensions have spiked, but don't let disinformation drive your investment choices -- especially when it comes to recent Middle East headlines.
News of the last 24 hours created a huge swing in the market from overnight futures to close -- so here's my advice.
Let's dissect these two concepts that explain why we're rallying like we are now.
I see no choice but to continue to look for new buys.