ABRAXAS PETROLEUM CORP Stock Forum

Brent crude was trading at $75.76 a barrel and West Texas Intermediate was at $75.00 a barrel, amid an internal disagreement in the cartel, with the United Arab Emirates unsure about joining the agreement to add a total 2 million bpd to combined production between August and December. As more cars are on the road this holiday more than ever as people make up for lost time last year expect prices to keep on increasing. Especially if
failure to come to an agreement could mean that the group continues with current levels of production, which would mean that the market tightens even quicker. If this happens, however slim the chance, forecasts of Brent crude hitting $100 might come true. My sense is the group wants to preserve these prices. They probably don’t want to push prices much higher right now. But an unexpected increase in travel to 4th of July summer destinations would cause a dramatic increase of Brent Crude, especially with all schools returning to full sessions for the first time and thats right around the corner. Without significant increases in production by the end of the month watch for crude prices to hit the $100 mark by Labor Day weekend. Heres oil stocks that can still go up a good bit: ...

Penny stocks under $5
AXAS- super low free float, volume increased on Friday. The stock is on an upward trend on the 5 min chart.
FRSX- free float below 100 mil, 200 MA very close to price on 5 min chart. On daily chart, 200 and 50 MA about to cross upwards on daily chart
MVIS- free float above 100 mil, this stock needs volume to keep move upwards. On the daily chart, 50 and 13 MA crossed.
YTRA- 200 MA and 50 MA crossed on the daily chart. This stock has been on an upward trend since 09/14/20
*URG- RSI on upward trend, volume increased on Friday. 200, 13 and 50 MA crossed on daily chart.
Extra- KXIN (super low free float, undervalued and on the way up on the chart)
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