What Caused The Selloff in Oil This Week? Am I Worried? AIA Weekly Report 11-20-21
Nov 20, 2021
38:39
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Oil sold off for various reasons this week. It was overbought and sentiment had become too bullish. Seasonality, SPR release jawboning by the Biden regime, higher dollar, are among the reasons.
I still believe we are in an energy bull market due to chronic underinvestment that has restricted supply and will be exacerbated by ESG which will cause permitting, and financing issues for new fossil fuel projects.
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