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Restrictions are depressing most oil stocks despite oil price...

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    Restrictions are depressing most oil stocks despite oil price being above $43. Scenario is kinda like this, oil prices have gone up but if only a few people drive their cars for work or leisure then it means oil companies are not really making much profit despite a higher price. Better scenario is oil price at $38 but a lot of people refilling their cars. Example A, 3 cars refilled x $43 oil price = $129 profit, example B, 10 cars refilled x $38 oil price = $380 profit. Supply and demand so until the restrictions fully ease, oil stocks will remain at lows despite even oil price at $50. All imo, gltah.
    Last edited by Filosophersbone: 08/07/20
 
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