I became a believer in this oil price move on Wednesday, when a bearish weekly report came out from the EIA—the US Energy Information Administration.
US production was up and inventories were up—everything about that report was bearish. The oil price only dropped for an hour, maybe 90 minutes, then went back into positive territory.
In this 11 minute podcast, I go through what I think caused the oil price move, what stocks are benefiting the most and how I’m structuring my personal portfolio.
PS—What if this Move up in the oil price is NOT real? That’s why I own this one stock—Click Here
Keith Schaefer
