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.



Source link

Related articles

Financial Authority of Singapore Pushes New Measures to Advance Tokenization

“MAS has seen robust curiosity in asset tokenization lately, notably in fastened revenue, FX, and asset administration. We're inspired by the eager participation from monetary establishments and fellow policymakers to co-create trade requirements...

nifty: Nifty unlikely to ship double-digit returns in Samvat 2081: Ambit’s Nitin Bhasin and Bharat Arora

As earnings growth is slowing down and downgrades are rising, it’s extraordinarily unlikely that Nifty would ship double-digit returns in Samvat 2081, says Nitin Bhasin, Head of Institutional Equities at Ambit, and Bharat...

Perplexity launched a devoted hub for the US normal election, together with poll measures and voting outcomes, whereas rivals like OpenAI have been extra...

Kyle Wiggers / TechCrunch: Perplexity launched a devoted hub for the US normal election, together with poll measures and voting outcomes, whereas rivals like OpenAI have been extra cautious  —  Perplexity, the AI-powered...

Goldman Sachs reiterated Fed forecast after weak jobs report. Fed to chop by 25bp this week

The US jobs report was about 'storms and strikes' says Goldman Sachs. The numbers ICYMI:US October non-farm payrolls +12K vs +113K anticipatedForexlive Americas FX information wrap: The worst non-farm payrolls studying since 2020Goldman...

Syrah Sources Restricted (SYAAF) Q3 2024 Earnings Name Transcript

Syrah Sources Restricted (OTCPK:SYAAF) Q3 2024 Earnings Convention Name October 29, 2024 8:00 PM ET Firm Contributors Shaun Verner - Managing Director & CEOStephen Wells - CFO Convention Name Contributors Mark Fichera -...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com