Author Archives: Shah Gilani
Buy This Dip (and Every Dip) In Oil Prices
Psst, wanna know a secret? Oil demand doesn't go down much during typical recessions, so the latest drop in oil prices based on the prevailing fake narrative that the coming recession, if it isn't already here, will tank oil prices, is in...
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This is Not the End of Oil
Oil, energy… it’s all down. That’s a fact.
Recession talk has pushed the West Texas Intermediate (WTI) crude oil prices below $105 per barrel this past week – the lowest price we’ve seen since early May. Similarly, energy stocks have taken a beating because of recession fears. Over the last month, United States Oil Fund (USO), Exxon Mobil Corp. (XOM), and Chevron Corp. (CVX) are all down 2.03%, 7.93%, and 16.05%, respectively. That’s just to a name few.
But, I’m still recommending that you buy oil stocks.