I bought some more today hoping it is just a dip as people overestimate how much the Middle East can help. I regret not selling yesterday though and then rebuying even more at a better price. I think there was a lot of enthusiasm yesterday and people panicked and felt the need to buy in. Usually extremely fast rises come with a minor dip on the same day or the next day (of course this is not always the case).Oil had kind of crashed...do you think it's going up more?
Stock prices are still much lower than 2018 and gas prices are higher and the president wants to make gas prices go up even more. I wouldn't be surprised if European leaders decide to stop buying Russian oil. They have proven to have deaf ears when it comes to the concerns of their citizens on issues like the vaccine passports and 3rd world immigration. I am sure they will feel good about hurting the simple-minded proletarians as they shout 'ban Russian oil, slava Ukraini.'