Oil Bull Market in 2023

With the end of the SPR Release, SPR Buyback, Reduced Russian Oil, China Easing Restrictions and with continued artificial sentiment pushing oil prices down I think 2023 Oil Bulls are coming.

For every reason you have a case for high oil prices theres market sentiment to drag oil prices down as it comes down to what the markets think prices should be regardless of fundamental data.

At some point the markets over reaction to recession fears causing oil prices to drop will come back with vengeance. You can't turn your back on the most demanded commodity without paying the price.

The oil markets have never been so tight and under funded at the same time.

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