XOM still a Buy with US-Iran 2 mths Impasse?
@JC888:
Energy experts say another oil price spike is coming, made worse by the president’s favourite past time of incessant postings on social media. The man has repeatedly spurred temporary dips in oil prices by claiming on his propaganda platform - Truth Social that the Iran war is near an end and that US oil production would ensure sky high gas prices would soon retreat. Each color corresponds to a specific outcome that traders are betting on. The jawboning has mostly worked. Even as the global price of oil has crept up over $100 per barrel on the futures market, it is significantly less than the $140 per barrel spot price, or what it would take to buy a barrel today. However, the president’s “promises” can only work for so long. According to Pickering Energy Partners, Chief investment officer
