Expecting that the airline industry will pump more oil than ever — and expect every stadiums in the world open for entertainment.
The price move occurred on stronger volume; specifically, yesterday’s volume was up 1.91% from the day prior, and up 19.43% from the same day the week before.
Or to view things another way, note that out of the past 14 days chevron corp’s price has gone up 9 them.
The fed is going to regret letting oil go negative last year.
This is a reversal of the price action on the previous hour, in which price moved up.