Weekend Oil has pumped nearly 9% after the events in the Middle East .

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    Posted by TheKingInTheNorth

    15 Comments

    1. illinformed-will on

      Rip to all those ”oil/nat gas/pms stocks are overbought, the play was 2 months ago” 🤦

    2. Medical-Shoulder-337 on

      You’re telling me that oils pumping after a shooting war in the ME?

      Just put my fries in the bag, junior

    3. CoC_Axis_of_Evil on

      Been holding the bag in Bloomberg commodity index for a few weeks. It’s money time now. 

    4. Clear_Anything1232 on

      Ya but medium term bearish.

      Once all that Iranian oil gets slurped up by chevron, we will see a glut

    5. The capital flowing into oil suggests that we may be heading for a challenging situation for the Nasdaq (QQQ). In 2022, tech stocks was down by 30%, while oil surged by 60%, with companies like ExxonMobil and Chevron seeing increases of over 80%. Therefore, it’s essential to plan accordingly, considering investments in gold, silver, and copper.

    6. Acceptable-Joke7729 on

      Dang I feel like the obvious play was to buy puts on Friday for next week. All the signs were there too.

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