Oil is a worldwide traded market. Politicians don't control oil prices-bottom line.
I absolutely agree 100%. I don't buy this move as having any legs. I think this goes back to 535 within a week.
The fundamental were great last year when the stock was at $700 & then the stock dropped to $380-all with the same great fundamentals. Stock are simply a game of price trends & nothing more. Play the trends of the stock price & the fundamentals will take care of themselves.
Everyone knows that already. The ONLY that matters is the trend of the stocks price. If this breaks the low of December 18th-look out below.
There were huge lines outside the stores in 2012 when the stock was at $700 & then it went to $380. If making money in stocks was as easy as looking at lines-we'd all be billionaires.