best time to buy EV and EV stocks. this is the moment EV will finally break out and catch on. closing the hormuz is the final nail in the oil industry coffin.
Oil Traders Bullish Bets: How Long Will Oil Stay Above $100?
Bullish oil traders are girding themselves for even costlier crude, stepping up their exposure as Mideast hostilities threaten to keep global energy flows in a chokehold. Net long positions for West Texas Intermediate (WTI) crude futures have surged sharply this year, and concerns of a prolonged supply shock could keep crude's risk premium wide. WTI could stay above $100 a barrel if supply constraints persist.
Institutions expect oil to stay above $100, while when war ends the mean reversion may bring it back to $70.
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