Ive been reading a lot of the comments on the oil titles and so many people are bearish. I don’t understand what fears of recession, rate hikes, or political stunts have to do with supply and demand. Of course it pulled back on some bad news; it had a 25% increase in 2 months. Jeez, and calling Warren Buffet dumb for buying in? He did the same in February before the run got legs. Worst part is summer just started and you guys are calling peaks. Not sure if some of you are just suffering from high prices at the pump and are cynical or just oblivious.
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