Who would have thought that the U.S. would lead in crude production a few years ago? Yet WTI is trading at levels of 3 years ago? We get these type of declines, not out of the ordinary.... however it doesn't mean that energy stocks can't got up. Matter of fact there currently is a divergence in the XLE/WTI. Will Crude test channel support and rally? check out links below... https://www.ogj.com/articles/2018/11/eia-forecasts-higher-us-crude-oil-production-lower-prices.html
https://www.iea.org/newsroom/events/publication-world-energy-outlook-2018.html


















