[NELSON111]

That’s funny. Go actually look at oil prices. The oil spike started prior to the election. It was started on the 2nd of November and Joe hadn’t even been sworn in when 50% of the damage had been done.

I dare you to actually look at the data. Go to investing.com and look at commodity prices instead of being a tool. I also dare you to look at oil prices in late 2018-realize who the president was then (and had been for almost 2 years) and make an explanation (or in your world-an excuse).

We live in a global economy. We are coming out of a world wide lock down. I hate that you missed “supply & demand” economics in high school.

[Okieshooter]

Another factor in the price run up was the oil companies finding that the horizontal wells with a few exceptions depleted at a faster rate than the conventional vertical wells and often would not pay out. As a result the rig count in the U.S. dropped from about 2000 to about 400 and there has been a steady decline in the amount of oil in storage since.

Again economics 101 supply and demand.

[montag813]

We live in a global economy. We are coming out of a world wide lock down. I hate that you missed “supply & demand” economics in high school.

Take it easy, bro. I trade everything from crude futures to bitcoin, eth and DeFi. Not naive about how the markets work.