$CVX has roundtripped its Spring correction to within striking distance of ATH. Chevron's $7 Billion dollar investment in Venezuela will be used to raise output by ~320k Barrels of Crude per day by 2031
Many angry about lack of immediate success in the Hormuz Strait fail to see this long game of US Oil heavyweights being able to take advantage of Crude being as high as it is to unlock the heavy Crude of Venezuela and restart production which wasn't possible when Crude was $60
This is a WIN/WIN for US Energy at a time when US already leads the AI race.. So in the global game of RISK... well.. the US comes out smelling like Roses! Patience pays off
Charts via @marketsurge@IBDinvestors #IBDPartner#
#UPTICKS#
Huge uptick in users in the last 24 hours.
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@RoyalCaribbean CEO Jason Liberty says demand keeps cruising along after reporting an earnings beat in Q3:
Theres been an uptick of... positivity bots??? In streams recently
They're like congratulating my plays and spamming really obvious nice lines over and over again
Ive been banning them but it makes me feel like a bad guy like maybe im the problem...
This year’s inflation uptick will result in the biggest hike in Social Security benefits since 2023, according to estimates, with the official number due next month.
Blue Owl Capital reported a larger uptick in fees than analysts expected in the third quarter, though the private credit firm’s inflows were weighed down by investors seeking to redeem holdings in certain funds.