OPEC+ is set to cut Oil Production by 2 million barrels every day by 1 Nov. Oil companies like Shell and Chevron are already recording huge profits thanks to the cost of living crisis and rise in energy prices around the world. In the last week, the price of pure crude oil went up $5. With that in mind, is it time to put money into oil stocks?![]()
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the 10-year Treasury yield would need to rise above 2.3% for relative equity valuations to rank above the long-term average.
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
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