top of page

The big move up in oil is probably not over yet

From both a fundamental supply and demand as well as technical perspective, oil seems to have legs to keep moving higher. The key hydrocarbon energy source is seeing both constrained supply from a lack of domestic exploration and production, as well as sanctions on Russian exports. Rig counts have never normalized post-COVID, meaning that as usage patterns do normalize we see even less elasticity of supply.

Want to read more?

Subscribe to traderade.com to keep reading this exclusive post.

Comments

Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page