RE: API crude inventories8 Jan 2025 11:41
Theaky, the big oil companies have already indicated that they are not interested in "drill baby drill" following President Trumps inauguration. They are very happy that the economic climate is very likely to dramatically improve and demand for oil will increase so I'm not sure we are going to see a major shift in oil prices going forward. With higher demand and economic optimism the share price of oilers will be resilient so very optimistic for bp through 2025.