Dow Futures Up 75 Pts; Confidence of Covid Relief Package Rises Stock Markets By Peter Nurse Investing.com - U.S. stocks are seen opening largely higher Wednesday, helped by growing confidence that U.S....
All are welcome. I just post some latest article on oil refinery freely available in intenet. Facebook just send me this article knowing I have visited many article on oil industry.
I just post what is happening in oil refinery and please do not take it as negative comment.
“The key for oil demand is to get the pandemic under control by the summer travel season,” said Jay Hatfield, CEO at InfraCap in New York. “You’re going to have some bad Covid headlines, but every bad Covid headline seems to be paired with a good vaccine headline.”
Oil is little changed after its recent runup to a nine-month high Further gains in oil prices will largely be dependent on how quickly vaccines can be made widely available to the public. The U.K. became the first western nation to start Covid vaccinations across the country, while a peer-reviewed study on a vaccine developed by the University of Oxford and AstraZeneca Plc showed it was effective. Ahead of a widespread vaccine rollout, the standout demand recovery in Asia has provided a bright spot for the otherwise depressed near-term consumption outlook.
“For demand to continue to pick up, a big part of that is going to be travel and an open economy,” said Peter McNally, global head for industrials, materials and energy at Third Bridge. “That goes back to vaccines.”
Today FDA review Pfizer, on 20th Moderna. Welcome to vaccines sentiment.
Oil price will be dancing when FDA release its approval. Stay tune guys. Buy at retrace below HH is safer than buy at 52wk ATH. For me below 6.50 is good entry point those wanna join ride for short term.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
gemfinder
6,880 posts
Posted by gemfinder > 2020-12-09 17:09 | Report Abuse
huat ahhhh. tomorrow cross 7