As long as Joe Biden's war on US oil companies continues, there is no incentive to increase oil production. If they actually, follow thru and take Russia's share of the production of the world's oil supply off, that 10-14 % share, oil will remain sky high. China and Russia signed a trade deal wherein Russia will supply China with oil. The Saudis too love high oil prices. I doubt they will increase production. Why would they cut their profits, when the going is so good for them?
When Should I sell my OIL ETF
- Thread starter john7722
- Start date
As long as Joe Biden's war on US oil companies continues, there is no incentive to increase oil production. If they actually, follow thru and take Russia's share of the production of the world's oil supply off, that 10-14 % share, oil will remain sky high. China and Russia signed a trade deal wherein Russia will supply China with oil. The Saudis too love high oil prices. I doubt they will increase production. Why would they cut their profits, when the going is so good for them?
She's going up like a rocket-ship...
And I have no clue what the fuck is going to even happen tomorrow, but I plan to have some fun with equities after market-open.
And I have no clue what the fuck is going to even happen tomorrow, but I plan to have some fun with equities after market-open.
You have to answer that question yourself. Do you want to book profits now, or be greedy, wait for it to jump higher to book more profits, or risk a rapid collapse back below you entry point and possibly risk destroying your account. People like you annoy me to no end. "Holy fuck, I am in huge profit! Should I keep holding on for MORE profit, or wait for it to all go away and have me lose my account?!?!"
Moron. Book your profits now, or you are a fool, and are a faker who trades nothing but sim, and is wasting everyone's time.
Your path seems clear.