I have been saying my stance on oil. Oil has some of the wealthiest, most political people behind it, these billionaires do not want to become millionaires. They will do all they can to boost the OIL price.
Opec countries are finally cutting demand, what usually happens with OPEC is they say they will but don't cut demand.
Chinese Oil demand is back where it was, OPEC came out yesterday and said we have seen the worst.
Some big American shale producers may go out of business which will boost the price further. Look for your low cost oil producers or ones hedged to the price.
OSH and OOO are good buys IMO. I might flog KAR to get exposure elsewhere.
OOO was $2.90 when I bought it, looks to be opening 3.41 today.
