Article By:
David Pinsen
Sunday, May 8, 2022 11:06 AM EDT
Wall Street's most accurate analyst - BoA's Michael Hartnett - sees a '70s-style oil spike and tech wreck. How we're positioned for it, and why today is worse than the early '70s.
Crude Oil Price on Track to Test Monthly Opening Range
LOL. I JUST got into $UCO two days ago. I couldn't take the bloodshed. I'll get back in when I am ready to make it a long term investment.
The Historic Case For A Coming Collapse In Oil
I was planning to sell my oil stocks during the spring and summer demand increase. I’m thinking $UCO will reach about 135 sp. I’ll have to watch it closer now. Interesting video. Thanks.
Oil and Gas Inventories Near Seasonally Historic Lows, Despite SPR Withdrawals
$UCO party on…
The Oil War Is Only Just Getting Started
#OPEC can very well try to appear unfazed but their influence on the global #oil market has been on a decline for quite some time. What we are seeing now is a perfect example of their waning influence. They've gone through considerable lengths with the current production deals in order to prop up the oil price. The end result is a stabilization around $50 - $60. The rebound in US oil rigs ensures that the oil price will never reach its previous highs. $OIL $UCO $USO