I’m not buying Oil on the sound of cannons

Why y’all chasing the oil price now?…….It’s too late. West Texas Intermediate and Brent Crude touched below $55 and $58 respectively, on 2 occasions in April and May 2025. Today, somebody (hedge funds, oil traders, corporate treasury, speculators) paid $78. The odds (and probability) of being long oil have changed. Today’s price action is clogged … Continue reading I’m not buying Oil on the sound of cannons