A person deleted a put up relating to shorting oil whereas it is above $100.
I identified that oil can keep above $100 for years prefer it did from 2010 to 2014:
Macrotrend crude oil historic chart since 1946
Should you regulate for inflation, $100 from 2010 is now $130 (one other manner to take a look at it, $77 from 2010 is value $100 at present; going again to 2004, $67 is $100 at present, which implies crude was above inflation adjusted $100 for 10 years from 2004 to 2014).
We simply crossed $100 a couple of weeks again.
Crude associated shares are nonetheless under their multi 12 months all time highs aside from CVX, however XOM continues to be beneath, BP manner beneath, SHEL, PTR; this is a screener for crude oil associated shares.
