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Down 2.04% v -3.88% for the SPY. Win!
I keep buying more oil stocks and calls every trading day.
Here’s an article about how on top of crude oil soaring, refining margins are also exploding.
https://www.bloomberg.com/opinion/articles/2022-05-09/crude-hovers-at-110-a-barrel-but-the-refinery-margin-makes-us-pay-a-lot-more
Even as the market crashed today, crude oil still went up another $1. Even more bullish news:
– Last week was the largest release from the Strategic Petroleum Reserve in history.
– Libya’s civil war is causing a complete shutdown of all oil exports.
– US diesel fuel stocks are at a 17-year low. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WDISTUS1&f=W
