With talks of recession that drives down fundamental demand and OPEC imposing punitive supply spikes that hikes supply.
We can expect oil prices in the short term to tank. There's no way around it, it's basic demand and supply.
Gas prices is one of the few things that has hovered around the same price as groceries and everything else spiked.
Looking at the oil stocks like Exxon, Chevron and Shell they've basically just been doing a sine wave for the past 3 years post covid spike.
Any bets on if the coming oil prices crash will present a value proposition for these giants?