The US is seeing record airtravel - Oil should be going up
USOIL may have already priced in increased demand for international travel. The US market is already seeing a spike in domestic air travel with airlines like United and Southwest recalling over 200 pilots each.
This may just be a lull before we hit major global travel again as UK will see international travel starting in May and possibly increased Asian route travel.
We are still bullish on oil for the near term.
This may just be a lull before we hit major global travel again as UK will see international travel starting in May and possibly increased Asian route travel.
We are still bullish on oil for the near term.