Oil prices and Biden Win

bob2007 · Nov 9, 2020

Will Biden be bad for oil bc of all the green investments...

Or will Biden be good for oil bc of the anti Fracking and anti pipeline stance?

XOM is up 14% today. I am scared of holding too long and exited.

hajimow · Nov 9, 2020

Pfizer Covid vaccine -> More flights and cruises and normal events and life -> more demand for gas -> higher oil prices.

bob2007 · Nov 9, 2020

Yes good point. Oil to 45 or 50?

bob2007 · Nov 9, 2020

bob2007 said:
Yes good point. Oil to 45 or 50?

Some guy on cnbc was calling for 35$ oil last week

Scataphagos · Nov 9, 2020

hajimow said:
Pfizer Covid vaccine -> More flights and cruises and normal events and life -> more demand for gas -> higher oil prices.

Seems to me they markets are "overcelebrating" today, but yes... something along this line.

hajimow · Nov 9, 2020

I am just shorting some stocks today buy selling out of the money weekly calls.

ballsofgold · Nov 9, 2020

but the election is not over, so you should do multi outcome analysis

LanceJ · Nov 9, 2020

He is a 'diplomat' The price is moving higher because he is going to stir up a bunch of mess in the middle east. Fighting terror and what not.

farmerjohn1324 · Nov 9, 2020

hajimow said:
Pfizer Covid vaccine -> More flights and cruises and normal events and life -> more demand for gas -> higher oil prices.

Not just higher demand... But speculation.

I guarantee that the increase in prices today was all speculators.

hajimow · Nov 9, 2020

farmerjohn1324 said:
Not just higher demand... But speculation.

I guarantee that the increase in prices today was all speculators.

agreed