Oil stocks, like Chevron (CVX) are gushing higher.
After finding support around $149, CVX is back up to $155. From here, if it can break above prior resistance, it could potentially refill its bearish gap around $165.
According to the International Energy Agency (IEA), we’ll see a slight supply deficit this year, instead of a surplus. All with the IEA assuming that OPEC+ will keep its production cuts in place throughout the year.
In addition, Morgan Stanley just said investors could get caught off guard by an oil price rally this summer. Those comments came after Ukrainian attacks on Russian refineries, and hopes the Federal Reserve will start cutting rates sometime soon.
Also, as we get closer to summer vacations and driving trips, oil could gush even more.
Yesterday we covered SoundHound AI (SOUN) – read about it here.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
🔔 Subscribe to Behind the Markets for more insights and updates on financial trends and market analysis!
✅ SUBSCRIBE TO THE CHANNEL 👇🏼👇🏼
https://www.youtube.com/channel/UCczJ4YRRQLl6KrH06iapaRw?sub_confirmation=1
✅ VISIT OUR WEBSITE 👇🏼👇🏼
https://behindthemarkets.com/](https://behindthemarkets.com/wp-content/plugins/youtube-feed-pro/img/placeholder.png)
