Yes oil fell back a bit overnight. Oil is expected to rise strongly over the coming months as China picks up speed again . Not sure what effect the price cap on Russian oil will have but some analysts are saying it will drive oil prices up . To export oil Russia will have to use dangerously old tankers and can only insure using Russian insurance companies . OPEC + is keeping their output at current levels . Then there is the possible US downturn with rising interest rates . I think WDS will have a great report up to December and a healthy dividend which is bringing in foreign investors . We live in interesting times.
WDS Price at posting:
$36.75 Sentiment: Buy Disclosure: Held
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