Arete-HI

Oil Demand and Supply Imbalance

Long
AMEX:USO   United States Oil Fund
Since Covid over have good channel, sure got overextended, but just gives you an idea of how far we will go. For what reason would oil demand ever go down? And for what reason would oil supply ever increase? May looks like good target for back to $85. Was thinking some oil producers but with Elizabeth Warren on the hunt I think not.

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