What Caused The Selloff in Oil This Week? Am I Worried? AIA Weekly Report 11-20-21

www.actionableintelligencealert.com  


Oil sold off for various reasons this week. It was overbought and
sentiment had become too bullish. Seasonality, SPR release
jawboning by the Biden regime, higher dollar, are among the
reasons.  


I still believe we are in an energy bull market due to chronic
underinvestment that has restricted supply and will be
exacerbated by ESG which will cause permitting, and financing
issues for new fossil fuel projects.