Is oil completely un-investable?

GA907
2022-12-06

$Micro WTI Crude Oil - main 2301(MCLmain)$ So let me get this straight.
-China is re-opening
-Russian Embargo just kicked in
-SPR is ending
-Inventories are drawing
-Demand is holding pretty well
But somehow oil gets absolutely baptized?
That’s quite troublesome, no?

It’s always the same with oil - investment banks just orchestrate a $3/$4 rug pull each and every day to wipe everyone out - it’s completely un-investable where fundamentals whether inventory levels, China reopening, opec cuts or SPR sales ending matter anymore

Getting hammered everyday with the pending recession and it’s all but assumed that the demand for oil has completely collapsed. Whether this is true or not doesn’t matter, it’s emotionally driven and this sector is so incredibly volatile it’s tough to attract new investors

I’ve learned a long time ago that we always get what we want, but never when we think we’ll get it. Just enjoy the opportunity to continue accumulating and treat that as a gift. When the boom comes, we’ll all be wishing we had the opportunity to buy more.

https://twitter.com/Gugo907/status/1599886144589934592

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Comments

  • stsockli
    2022-12-06
    stsockli
    Thanks for sharing 😊
  • tradetowin
    2022-12-06
    tradetowin
    Oil is a commodity, more for trading in my opinion. Investment wise, why not consider some stable and profitable petroleum companies.
  • Matrix Rev
    2022-12-06
    Matrix Rev
    Oil is a trading tool not investment
  • DanZillaXD
    2022-12-06
    DanZillaXD
    Oil is too volatile for me amongst the safest option of investment
  • Moolele
    2022-12-06
    Moolele
    Oil a tough one
  • YiCheng0301
    2022-12-06
    YiCheng0301
    recession theme on
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