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Oil Rebounds But Oversupply Concerns Persist -- Market Talk
Saudi Arabia is waging a price war, and two major US Shale Oil giants have announced cuts in capital expenditures. Has the production of Shale Oil in the USA reached its peak?
The major USA shale oil companies Diamondback Energy and Coterra Energy have both stated that they will reduce their capital budgets for 2025 and decrease the number of drilling rigs. Diamondback Energy CEO Travis Stice warned: "Due to the reduction in drilling rigs, the USA onshore oil production is likely to have peaked and will begin to decline this quarter."
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OPEC Just Created The Income Trade Of The Decade
Update: WTI Oil Trading at Four-Year Low as OPEC+ Looks to Discipline Members With Another Hike in Supply
Where Trump Is Likely Getting His $1.98 Gas Price Figure
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103255820 : Wah v diversified portfolio there
leoneday : Yang bought it a bit aggressive
103798718 : Should have YOLO and all in on $Futu Holdings Ltd (FUTU.US)$, yesterday top gainer at 11%, went on a run from $57 to above $100 in a short time