Oil Sees Strongest January In 30 Years ...Middle East

OILPRICE - Economy
Oil Sees Strongest January In 30 Years
source : OILPRICE ( Middle East ) () 31
Crescat's Tavi Costa points out something remarkable which many may have missed amid the short squeeze and "growth" stock frenzy: oil, that "value" age relic, has had its best YTD performance in 30 years. As Costa puts it "commodities are leading the way and the inflationary thesis keeps building up" (incidentally none of this is lost on those long XOM which is not only the most levered - for better or worse - way to bet on rising oil prices but pays a generous 7%+ dividend while waiting for Warren Buffett to announce that he has amassed a 10%…

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