(Reposted by
@carlquintanilla) Notes no wonder the oil majors are hitting fresh 52-week highs again today. The chart shows December oil futures starting to move sharply higher too. Quotes @KarelMercx on oil majors $PBR, $CVX, $XOM up significantly, not just physical oil prices rising but interest rates too, higher rates making free cash flow today more valuable.
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No wonder the oil majors are hitting fresh 52-week highs again today. The chart shows December oil futures, and they’re now starting to move sharply higher too.
Reasoning: Macro · Medium term Specific
@bespokeinvest