The markets' are not buying what you're selling.Im not a betting man, but if I was I would be betting this week and next week is the max hysteria for oil prices.
XOM had a huge run up before the war started. With the start of the war, XOM has trended up but nothing spectacular like you would think. My guess is the market is already pricing in demand destruction.
And if I was a betting man, I would be putting in some XOM shorts.
Let's see how it fairs after the mkt has been open for a couple hours.
Eddie


