OPEC+ stunned the market last week reducing official quotas by 2 million boepd. See why I think this cut may have just marked the bottom for crude prices.
I expect that oil has the ability to explode higher as soon as demand expectations return. See why Chevron and Devon Energy are two of my favorite oil picks.
The world’s biggest oil company reiterated its warning that producers’ spare capacity is running low and said there wouldn’t be any left once China ends its Covid Zero strategy.
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