We can see oil strongly 53.2 right now WTI this is all because the weather and the smart Soudies and Emirates prince!
we see another jump in stocks right on the first day of Biden’s Presidency! so please not this will be two major days for oil, one is no more President that is so noise this is a quiet friendish old man and at least you cant expect him to tweet something that will get it 50% lost.
Second, we should wait for the next EIA Report that will show oil is for sure out of danger yet we still ask how much further the consumption can be higher? we say it’s still may but the real consumption return in 2 months when people will fly back as the flew before COVID 19 and the world will drink all the reservoirs be sure we know the princes is smart both Saudis and both Emirates.
Next, we also can see next Jobless claim report will be super and make all the stocks up!
Another thing maybe more stimulus ahead ?