RE: Last nights API report in USA was draw of 6.1 million22 Sep 2021 11:44
I think it's alot of factors
1. Rotation to safety stocks given market risks in other asset classes
2. Reuters report on oil supply shortages
3. Hurricane effect
4. Goldman Sacha $85 per barrel report bank of America $100
5. Natural gas all time high
6. Appointment of global green transition leader to drive transition
7. Market forecasts q3 and q4 results clearly going to be smashed
8. Asset values compared to recent Shell disposal and prospect if special divi
9. Wind power sources depleted due to global wind shortage (seriously)
10. Covid will pull back increasing demand
11. Opening up of transatlantic air travel
12. Lack of Iran deal
The upside list goes on and on and on the downside list is very little
Fasten your seat belts