VBIN's oil stock thread.

[fenders53]

(03-20-2022, 09:29 PM)EricL Wrote: I think the correction following the spike on the Russian invasion is over and we are back to trading on fundamentals.

WTI at $106 in pre-market trading. Crude continues to draw worldwide, and I don't see a supply response coming from the US anytime soon as there simply isn't the labor or materials available to ramp production.

Hope you are right.  I sold a lot of new puts in EOG and XLE on the pullback.  I will add more as they expire each week.  Looks like clear sailing through summer before the demand destruction starts.  Oil will correct itself in the end.  I doubt it's different this time.  For better or worse oil will be my hedge against the big tech shares I have added during the correction.