There's crude on the moon?
U.S. West Texas Intermediate and international-benchmark Brent crude rallied to multi-year highs on Friday on a rebound in demand amid tighter supply inventories.
The U.S. benchmark crossed the psychological $80 per barrel level on Friday for the first time since November 2014, jumping more than 2% before easing into the close. Brent also rose more than 2% higher early in the session.
Some of the companies are gaining stunning benefits from the rising demand recently.
$Transocean(RIG.US$ has risen nearly 20% since mid-September
$Transocean(RIG.US$ has risen nearly 20% since mid-September
$Camber Energy(CEI.US$ 's stock price went skyrocket from 0.5$ to 4$ last month and soon dropped back to 0.9$ at the beginning of December. Currently closed at 1.71$, surged over 300% within 50 days.
“The real reason $Camber Energy(CEI.US$ stock is surging has little to do with Camber’s actual business. It’s rather because certain well-known stock influencers on social media are tweeting about the company nonstop, hoping to provoke a short squeeze,” Bezek wrote on Oct. 5.
Any thoughts guys?
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earning_s : Demand is expected to rebound and supply may not be able to fully keep up, which will allow OPEC to control the oil market in 2022.
kradic34 : The price of fuel has increased. If you don’t drive, you will also increase the price of the car.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Mcsnacks H Tupack : Obama gave us 6 of the most expensive oil years ever. Records even. Guess who owned stock in it before it skyrocketed Obama and Biden.