Friday, April 12, 2024

HomeStock MarketOil can stay above $100 for years; crude related stocks will benefit...

Oil can stay above $100 for years; crude related stocks will benefit : stocks

A user deleted a post regarding shorting oil while it’s above $100.

I pointed out that oil can stay above $100 for years like it did from 2010 to 2014:

Macrotrend crude oil historical chart since 1946

If you adjust for inflation, $100 from 2010 is now $130 (another way to look at it, $77 from 2010 is worth $100 today; going back to 2004, $67 is $100 today, which means crude was above inflation adjusted $100 for 10 years from 2004 to 2014).

We just crossed $100 a few weeks back.

Crude related stocks are still below their multi year all time highs except for CVX, but XOM is still under, BP way under, SHEL, PTR; here’s a screener for crude oil related stocks.


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