POO held up in low US$30s overnight despite June WTI Contract expiry, unlike same time last month when Cushing storage overflowed and traders paid to get rid of the stuff. US rig count at all time low, Shale production lowest output for 2 years, global demand rebounding as the world reopens... all indicates the worst is in the rear view mirror. As for SXY, time for ID to start kicking some more Gas goals and sell the story.
SXY Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
