VBIN's oil stock thread.

[fenders53]

(02-06-2021, 11:24 AM)vbin Wrote: Despite crud drawdown, gasoline inventories are up so that's a red flag. Need to watch that come down post Feb.

Probably a short-term demand issue.  Maybe that Covid thingie?  The virus surge will cool off in much of the world by spring.  More people will vacation this year and most industries will start ramping back up.  Probably mid 2022 before mostly back to normal though.  I hoped that was wrong, but it was the prediction from about day one by people medically qualified to make such a prediction.  I am curious where oil prices go the next month or so.  Probably sideways with no big news.  Just another guess.   

I just know my XOM put expired worthless and ENB is doing OK.