RE: Happy days!29 Sep 2024 09:33
Luckylurker
Be careful, Oil stocks are cheap for a reason, crude oil prices are on shaky ground as Global oil demand continues to slow particular in China and the US where consumer confidence is at a three year low and comes at a time when Saudi Arabia prepares to ramp oil production to preserve market share against a backdrop of growing non - OPEC oil production from the US Canada, Guyana and Brazil.
Despite geopolitical tensions remaining high in the Middle - East, the Global economic outlook looks very uncertain and is expected to keep the lid on crude oil prices for the foreseeable future. Good Luck with your new investment.