Energy Prospectus

I am curious as to your thoughts on today's price action. The price of wti seems to be getting awfully volatile. Thx.

The big move up and down in the share prices is because a lot of fund managers are trying to pick a bottom for the sector. We definitely need oil prices to find some support level.

Yesterday, IEA raised their demand forecast for refined products. See: https://www.iea.org/oilmarketreport/omrpublic/

I think we will see that forecast continue to move higher. Forces are at work to balance supply & demand but it will take awhile.