Loading ...Oil was topping. It may have started its guard up going into hurricane season but also more traveling in US in summer months. Meanwhile China starting to open back up “ maybe.”
There is only predictions but it’s said this could be a bad summer for hurricanes.
It’s hard to say either way but can’t see it selling off prematurely for a recession that isn’t in play yet. There already is signs including lay offs and companies leaving for Mexico, now that free market enemies have infiltrated the WH.
Plus Biden thinks he can dictate to them what they can and can’t do. He tells them to ramp up production now while he is the one that interfered with the production that’s likely going to lead to problems. Where’s his energy replacement? Since they couldn’t use peak oil since they have what I heard is 600 years of oil: gas to say crisis they have to come up with climate change and wars to create a crisis this time. The only thing that could curb the crisis is a recession.
It is currently overbought though less the WH wants to spend or print more money. I’m sure they will anyways.