Brent: Back To $70 -- Happy Days Are Here Again -- May 31, 2021

This is so cool. On May 20, 2021, I wrote:

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Over on twitter earlier today, someone asked, "where are all the $70-Brent bulls now?"

My reply: "Quietly buying Chevron stock."

See ten-year history here.

April 12, 2020: Brent was selling for $9.12 / bbl. That was one year ago.

So, when a twit asked "where are all the $70-Brent bulls now," I replied:

"Quietly buying Chevron stock."

Today, only eleven days later, $70-Brent: