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Key pivot points and support and resistance will help you trade the Dow Jones today and into the future. S2 S3 R1 R2 R3 Real Time News. Indices Update: As of , these are your best and worst performers based on the London trading schedule: Germany 0.
Indices Update: As of , these are your best and worst performers based on the London trading schedule: US 1. Jun 20, Follow. Net Long Net Short. The pandemic will end and when it does, demand is going to rebound. There are some inventories to run off but afterwards there is a growing threat of a supply shortage. Of course OPEC returning and an Iran deal could mitigate some of that but there will still be a shortage of supply.
Add in a President who is going to make it difficult to produce oil and an investment climate that's demanding returns to shareholders ahead of new drilling and there's big opportunity in oil. At some point, I think that sets up a magnificent trade in oil and oil companies.
As always, the trick is getting the timing right. In terms of politics, I think the resulting high gas prices could be one of the things that dogs Democrats in or but ultimately high oil prices will to boost investment into alternatives and that will help Democrats accomplish their goals more than any new policies. Select additional content:. GMT LON NY TKYO SYD Your email.
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