ALERT: Oil has now seen a 13.5% rise in just 17 trading days The...

ALERT:
Oil has now seen a 13.5% rise in just 17 trading days
The rise in price has turned many people into oil bulls
But this commodity basket is NOT confirming oil’s move up
At this rate, it’s only a matter of time before oil comes back to reality

https://x.com/GameofTrades_/status/1806657248728646031

...some are likely to position themselves in oil stocks ahead and in anticipation of a Trump victory. But they subject themselves to a Demand Destruction narrative if and when traders sniff a forthcoming recession. And we should also be open to a variety of outcomes as far as presidential election is concerned including a new Democratic nominee.

...plus we don't have a really solid oil stock on ASX. Most of the gainers are just speculative hopes - a den for gamblers and punters. Even the largest, WDS could not hit all time highs when oil was at its peak of $120 in May 2022.