swoopdog

Oil and Oil Company Divergence to End Soon

NYSE:CVX   Chevron Corporation

Either the oil companies will dump or oil will rise sharply such that Oil companies and Oil get back in sync. The divergence started in mid 2022 and has been quite perplexing and I don't have a good hypothesis as to why (war could have something to do with it). However, they have always sought each other out in the long run and while there is some chance that oil companies will fall (red (c)), I think Oil will do the work and start a sharp increase as soon as it bottoms here shortly. Any other insights?
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