I am fairly new to investing stocks, but I understand an ok amount; however, I have a dumb question.
Oil prices are sky high, for what we pay at the gas stations. Arguably, this would result in less buyers given that lower prices attract bigger crowds and vice versa.
So why are the oil stocks higher than they were when gas prices were significantly lower? If there is enough supply to fulfill every demand plus more, then shouldn't the stock rise in that context rather than rising when there is less supply?
It seems like people are throwing money at an unstable market, considering America is not as independent in the oil industry as it was before.
I am probably making myself look stupid, but I want to get a better understanding of this.
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