**TOP STOCK PICKS

[Zap Rowsdower]

$AGYP Analysts forecasted that the American Petroleum Institute would draw and estimated 2.63 million barrels. Instead the American Petroleum Institute drew way above the estimate with about 3.67 million barrels! Because of the increase in demand crude oil prices rebounded this Tuesday! >>

TopNewsGuide: Allied Energy Corp. (OTCMKTS:AGYP) Poised as Oil Prices Rebound

This week, the American Petroleum Institute (API) estimated the inventory draw for crude oil to be 3.670 million barrels which was much higher than the 2.63 million barrels analysts forecasted. This increase in demand has led to a resurgence in crude oil prices, both WTI and Brent made gains on Tuesday.

Independent driller Allied Energy Corp. (OTCMKTS: AGYP) generally performs well when the oil market is up. When oil prices began to spike in the fall, AGYP stock rallied from $0.28 to a high of $0.41. Sitting around support again it could see a similar rally based on yesterday's news. Breaking through $0.30 would be a strong indication of a reversal.

This year, Allied Energy has started pumping oil from 5 wells and is getting close to a sixth well 1-H on its Prometheus leased site in Texas.

https://www.marketscreener.com/quote/stock/ALLIED-ENERGY-CORPORATION-120789736/news/TopNewsGuide-Allied-Energy-Corp-OTCMKTS-AGYP-Poised-as-Oil-Prices-Rebound-37394653/