Oil is a commodity, it is greatly influenced by supply and demand. That's why electrification can make troubles in further growth, because there will not be demand, producers would like to supply the market with - to find equilibrium. But people found an alternative source of energy, that can replace oil / Electricity.
In China there are given benefits by...
1.13 proved that it was strong enought
Looking for continuation to hit highlighted zones
Hopefully you took some serious profits from 1.13 opportunity - if yes hats down Sir!
I did open a new position after hit of 1.618 on 15 M chart