I think you'll find that even credible news sources will cover both a recovery message and a fear message within a 24hr period ... the worst I've seen is oilprice.com which generally sets off a whiplash in reporting every 48 hrs. Demonstrating that article coverage is about eyes on page/clicks ...
You need to step back and assess for yourself what is really happening and where markets will be in 6-18 months. I'm hoping for bullish data in weeks not months, but buckled in until the drilling results are in as I think the leadership team have intentionally timed the drill results to coincide with a favourable oil market. DYOR
Financial Times,
Oil prices spring higher as data shows US inventory declines
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Jessica Dye
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Read the full article at: https://www.ft.com/content/54d100f6-8bc8-3390-ae2e-91abc11e34cc
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Financial Times,
Oil bull Andy Hall renounces faith in price recovery
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David Sheppard, Energy Markets Editor
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Letter to hedge fund investors says Opec and the market have ‘run out of runway’
Ann: Phoenix project drilling update, page-38
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