Oil can keep above $100 for years; crude associated shares will profit : shares


A consumer deleted a submit relating to shorting oil whereas it is above $100.

I identified that oil can keep above $100 for years prefer it did from 2010 to 2014:

Macrotrend crude oil historic chart since 1946

When you regulate for inflation, $100 from 2010 is now $130 (one other means to take a look at it, $77 from 2010 is value $100 at present; going again to 2004, $67 is $100 at present, which implies crude was above inflation adjusted $100 for 10 years from 2004 to 2014).

We simply crossed $100 a number of weeks again.

Crude associated shares are nonetheless beneath their multi 12 months all time highs apart from CVX, however XOM continues to be underneath, BP means underneath, SHEL, PTR; this is a screener for crude oil associated shares.



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